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 Czech Republic: Monetary Policy

Updated:6/23/2011 7:01 AM
Analyst:Tomas Holinka in Prague

First Take
The Czech National Bank held its key monetary policy rate unchanged at 0.75% in June. Domestic fiscal consolidation and an expected weakening in exports to the euro zone in the second half of 2011 will weigh on the economy. Czech inflation accelerated to match the central bank’s target in May, but demand-driven inflation pressures remain muted.

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