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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.
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El banco central checo reduce su tipo de interés clave al 4% en medio de una inflación baja y un crecimiento lento.