The Czech National Bank decided Thursday to keep interest rates at their current levels near zero, where they have been parked since the final part of 2012. With inflation in the country nearly non-existent, the monetary management body is under no pressure to increase rates. And with the same pattern of low inflation and rates repeated across the eurozone, ČNB governor Miroslav Singer said deflation remained a significant risk for the economy. He went on to say that the bank’s championing of a weaker koruna would continue until at least 2016, as part of an attempt to boost exports for Czech-made products.
