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CNB: Introduction of negative rates is not necessary

Given the existent of negative market interest rates on selected segments of the financial market and high growth of the value of loans, it is not necessary to introduce negative monetary political interest rates. This stems from the minutes from the Czech National Bank’s (CNB) board session held on September 24, 2015. Board members have also stated that the exchange rate commitment is not likely to be abandoned in early July 2016, but probably later on.

Source: www.cianews.cz