PRAGUE, March 28 The Czech central bank (CNB)
kept interest rates near zero on Thursday, and investors awaited
hints from an afternoon news conference on whether the central
bank was considering intervening to weaken the crown currency.
Having cut the key two-week repo rate to 0.05
percent in November, the bank has said it can cut no lower and
will start selling crowns if it needs to ease further
to fend off deflationary pressures.
Crown weakening in the past weeks, however, partially
triggered by the Cyprus crisis, has dampened the bank's need to
intervene. Governor Miroslav Singer was due to hold a news
conference at 1330 GMT.