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Czech Republic's central bank cuts a key interest rate again to help the economy as inflation falls

Published on: Wednesday 20 March 2024

Czech Republic's central bank cuts a key interest rate again to help the economy as inflation falls The Czech Republic's central bank on Wednesday cut its key interest rate for a third straight time amid falling inflation and an effort to help the economy. The cut by a half-percentage point brought the interest rate down to 5.75%. Inflation declined to 10.7% in 2023 from 15.1% in 2022, according to the Czech Statistics Office, and dropped to 2.0% year-on-year in February, which equals the bank’s target.


News source: https://finance.yahoo.com/news/czech-republics-central-bank-cuts-135936979.html

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