The CNB Bank Board confirmed the countercyclical capital buffer rate for banks at 0.5% and the LTV limit for mortgage loans at 90%. Banks remain resilient to the potential adverse impacts of the coronavirus crisis.
Deputy Governor M. Mora in his presentation for Virtual Client Meeting with Deutsche Bank Prague: “In the light of significant uncertainties, the Bank Board considers it likely that interest rates will be left at a low level for longer than assumed in the baseline scenario of the forecast.” (pdf, 803 kB)Article detail
Our colleagues J. Schwarz and J. Bajzík recently published an article on the Armington elasticity in the prestigious Journal of International Economics. An interview with J. Schwarz, adviser to the Bank Board, reveals the importance of this elasticity for international trade.
The CNB is taking steps to support an economy hit by the coronavirus epidemic. You will find a comprehensive overview of everything that might interest you in connection with the coronavirus and the CNB at a special website.
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