Czech National Bank cuts rates by 50 basis points
Central European country follows in Hungary’s footsteps in easing
The Czech National Bank (CNB) cut its policy rate, the two-week repo rate, by 50 basis points today (May 2).
The cut to 5.25% is the fourth consecutive time the CNB has lowered the rate since December 2023. The central bank also adjusted its other rates, the discount rate and the Lombard rate, to 4.25% and 6.75%, respectively.
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