CNB keeps interest rates unchanged
3 Feb 2011
The CNB Bank Board decided at its meeting today to keep interest rates unchanged. The two-week repo rate was maintained at 0.75%, the discount rate at 0.25% and the Lombard rate at 1.75%.
The history of the settings of the main instruments of monetary policy and the Bank Board minutes are available at
Discount rate: A monetary policy rate which as a rule represents the floor for short-term money market interest rates. The CNB applies it to the excess liquidity which banks deposit with the CNB overnight under the deposit facility.
Lombard rate: A monetary policy interest rate which provides a ceiling for short-term interest rates on the money market. The CNB applies it to the liquidity which it provides to banks overnight under the lending facility.
Repo rate: The CNB’s key monetary policy rate, paid on commercial banks’ excess liquidity as withdrawn by the CNB in two-week repo tenders.
Marek Petruš, CNB spokesman