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Czech Republic CZ CNB Repo Rate

In Trade Plans by CathyLeave a Comment

In the Czech Republic, the benchmark interest rate is set by the Czech National Bank (CNB). The official interest rate is the two-week repo rate, a rate at which commercial banks are allowed to place excess funds at the end of the day with the Central Bank.Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. A higher than expected rate is positive/bullish for the CZK while a lower than expected rate is negative/bearish.