Business & Finance
Czech central bank leaves countercyclical capital buffer at 0.5pc
- The bank had cut the rate in extraordinary steps from 2.0% last year to help banks absorb shocks from the coronavirus crisis.
PRAGUE: The Czech central bank board left the counter-cyclical capital buffer that all banks are required to hold unchanged at 0.5% of their risk exposure, the bank said after a quarterly assessment on Thursday.
The bank had cut the rate in extraordinary steps from 2.0% last year to help banks absorb shocks from the coronavirus crisis.
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