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The Independent UK
The Independent UK
National
Via AP news wire

Czech central bank cuts key interest rate to 3.75% as inflation stays higher than expected

Inflation Czech Republic
Czech Republic Central Bank - (Copyright 2023 The Associated Press. All rights reserved)

The Czech Republic’s central bank cut its key interest rate again Thursday with inflation higher than expected after keeping the rate unchanged at its previous policy meeting in December.

The cut, which had been predicted by analysts, brought the interest rate down by a quarter of a percentage point to 3.75%.

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