The Czech central bank cuts its key interest rate to 4% amid low inflation and slow growth.

The Czech central bank has reduced its key interest rate to 4%, marking the eighth cut since December 2022, due to low inflation and sluggish economic growth. The cumulative reduction is 3 percentage points. The economy grew by 1.3% year-on-year in Q3 2024, with inflation at 2.6% in September. Concurrently, the European Central Bank has also lowered rates, while the U.S. Federal Reserve may follow suit amid global economic uncertainties.

November 07, 2024
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