The Czech Republic's central bank announced on Thursday that it has reduced its key interest rate for the fourth consecutive time, citing a decrease in inflation and positive economic indicators. The interest rate was cut by half a percentage point, bringing it down to 5.25%. This move was in line with analysts' expectations.
The central bank initiated the series of rate cuts with a quarter-point reduction on December 21, 2022, marking the first cut in several months. Subsequent cuts followed, with a half-percentage point reduction on February 8 and another half-percentage point cut on March 20.
