Czech Central Bank announces rate cut

Article Abstract:

Czech National Bank has made public that it will trim down Czech Republic's repo rate from 14% to 13.5% beginning Sep. 25, 1998. Economist Pavel Sobisek stated that he believes more cuts will be undertaken by the bank if the 1999 state budget is altered to minimize or eradicate a proposed 27 billion koruna deficit. Analyst Boris Gomez stated he was surprised with Czech National Bank's decision to trim down repo rates as the reduction still leaves the country's repo rates in greater decline due to inflation.

Comment:

Makes public that it will trim down Czech Republic's repo rate from 14% to 13.5% beginning 9/25/98

Commercial Banking, Services information, Commercial banks, Article, Czech National Bank

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Czech officials warn credit boom may turn to bust

Article Abstract:

Czech officials warn that consumer credit could be a bust rather than a boom as banks struggle for increased market share.

Private Households, Consumer Credit, Consumer Capital & Loan Transactions, Banking industry, Industry Overview, Analysis, Economic aspects

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