Czech central bank cuts a key interest rate again with inflation down and the economy on the mend
Thursday, 2 May 2024 () The Czech Republic’s central bank has cut its key interest rate for the fourth straight time as inflation dropped and the economy has shown signs of recovery. The cut by a half-percentage point on Thursday brought the interest rate down to 5.25%. The move was expected by analysts. Inflation dropped to 2.0% year-on-year in February. That equals the bank’s target and it remained unchanged at the same level in March. The Statistics Office says the Czech economy was up by 0.4% year-on-year in the first quarter of 2024. And it increased by 0.5% compared with the last three months of the previous year.
Interest rates are currently at an all-time high as central banks such as the Bank of England, the US Federal Reserve, and the European Central Bank aim to bring inflation down to their targets.
In this video we explain how interest rates and the stock market have an inverse...
Stock Markets Rally , Amid Investor Hopes for , Interest Rate Cuts in 2024.
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Bank of England Governor Andrew Bailey has said he is 'encouraged' by the direction of inflation, hinting borrowing costs could soon be cut if inflation is reined in. Report by Alibhaiz. Like us on..
Thursday, 2 May 2024 ()
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