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CNB > Media service > Press releases of the CNB > 2011 > CNB keeps interest rates unchanged

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
http://www.cnb.cz/en/monetary_policy/instruments/index.html#mpi
http://www.cnb.cz/en/monetary_policy/bank_board_minutes/index.html

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Repo rate: The CNB’s key monetary policy rate, paid on commercial banks’ excess liquidity as withdrawn by the CNB in two-week repo tenders.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