Czech central bank cuts its key interest rate to 4.25%
The cut, which had been predicted by analysts, brought the interest rate down by a quarter of a percentage point to 4.25%.
The bank started to trim borrowing costs by a quarter-point on
Another cut by a quarter of a percentage point came on
The size of the Czech economy was up by 0.6% up year-on-year in the second quarter of 2024, and increased by 0.3% compared with the previous three months, according to the Czech Statistics Office.
The bank predicts growth of 1.2% for 2024.
Inflation was at 2.2% year-on-year in August, the same as the previous month, close to the bank’s target of 2.0%.
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