Czech Republic: Central bank again cuts a key interest rate as inflation stays low and economy recovers

Source: ABC News

“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 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.” (06/27/24)