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Czech Republic
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The Czech Central Bank Cuts Its Key Interest Rate as Inflation Falls and the Economy Slowly Recovers
The Czech Republic’s central bank on Thursday cut its key interest rate for the sixth time in a row as inflation falls and the economy recovers more slowly than expected, the Associated Press reported. The cut, which had been predicted by analysts, brought the interest rate down by a quarter of a percentage point, to 4.50%. The bank started to trim borrowing costs by a quarter-point on Dec. 21, the first cut since June 22, 2022. Further cuts of half a percentage point each time followed on Feb. 8, March 20, May 2 and June 27.
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The Czech Republic’s central bank on Thursday cut its key interest rate for the fifth time in a row as inflation remains low and the economy is showing signs of recovery, the Associated Press reported. The cut, which had been predicted by analysts, brought the interest rate down by a half-percentage point, to 4.75%. The bank started to trim borrowing costs by a quarter-point on Dec. 21, the first cut since June 22, 2022. Further cuts of half a percentage point each time followed on Feb. 8, March 20 and May 2.
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