Czech National Bank cuts rates to 4.5%
Reduction of 25bp comes after headline inflation falls to 2% target
The Czech National Bank (CNB) announced on August 1 that it was cutting its two-week repurchase rate by 25 basis points to 4.5% as inflation remained within its target range.
In June, headline inflation fell to 2% – the central bank’s target with a 1% band. It had previously been 2.6% in May, though it had hit 2% in February and March. “Price stability was thus restored in the Czech Republic,” the CNB said.
The bank last cut rates, by 50bp, on June 27. Since it began its cutting cycle last
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