PRAGUE, Nov 5 (Reuters) - The Czech central bank kept interest rates unchanged on Thursday, in line with a Reuters poll of analysts but against the interest rate market which had priced in the likelihood of a cut.

The decision left the main two week repo rate used to sterilise excess liquidity, at 1.25 percent.

Thirteen out of 20 analysts in a Reuters poll forecast the bank would leave the main rate flat as data was pointing to a moderate recovery and the crown currency weakened by 3.2 percent since the last rate meeting, easing deflationary pressures.

The bank called a news conference for 1430 GMT to spell out reasons for the decision. It was also due to release new quarterly macroeconomic forecast.

(Reporting by Jana Mlcochova, editing by Jan Lopatka) Keywords: CZECH RATES

(prague.newsroom@thomsonreuters.com; Reuters Messaging: jana.mlcochova.reuters.com@reuters.net; +420-224 190 479)

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