Czech central bank cuts rates with more reductions expected


Czech central bank cuts rates with more reductions expected

Published on 25/09/2024 - 16:58 GMT+2 The move is in line with dovish signals from other central banks, notably rate cuts from the Fed and the ECB. The Czech Republic's central bank has cut its key interest rate for the seventh time in a row, in a response to slowing inflation. The cut, which had been predicted by analysts, brought the interest rate down by a quarter-point to 4.25%. The bank started to trim borrowing costs in December last year, the first cut since June 2022. The most recent reduction follows a decision from the US federal reserve to lower its benchmark interest rate by a half-point last week, the first time the US central bank had lowered borrowing costs in more than four years.