Czech central bank cuts its key interest rate to 4.25%
The Czech Republic’s central bank has cut its key interest rate for the seventh time in a row as inflation remains low and amid the economy’s slow recovery
By AP News
Published - Sep 25, 2024, 09:06 AM ET
Last Updated - Dec 16, 2024, 06:56 PM EST
PRAGUE (AP) — The Czech Republic’s central bank on Wednesday cut its key interest rate for the seventh time in a row as inflation remains low and amid the economy’s slow recovery.
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 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.
Another cut by a quarter of a percentage point came on Aug 1.
