Bloomberg News

CZECH DAYBOOK: Czech Republic May Cut Rates to Record Low

June 27, 2012

The central bank may lower interest rates for the first time in two years to a record low.

All times in CET (ET+6)

WHAT TO WATCH: * The government selling nine-month Treasury bills. (12 p.m.) * The central bank may cut its main two-week repurchase rate to 0.5 percent from 0.75 percent, according to 20 out of 24 analysts surveyed by Bloomberg. (1 p.m.) * Central bankers will comment on rate decision, Czech economy at press conference. (2:30 p.m.)

EQUITIES: * CEZ AS (CEZ CP) is trading without the right to dividend from the 2011 profit for the first time. The biggest Czech utility, stock fell 0.5 percent yesterday to 736 koruna.

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


Silicon Valley State of Mind
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus