FILE - People stand outside the Czech central bank in Prague, Czech Republic , on Nov. 2, 2023. On Thursday May 2, 2024, the Czech Republic ’s central bank cut its key interest rate for the fourth straight time amid falling inflation and signs of the economy’s recovery. The cut by a half-percentage point brought the interest rate down to 5.25%. FILE - A woman walks outside the Czech central bank in Prague, Czech Republic , on Nov. 2, 2023.
Inflation declined to 10.7% in 2023 from 15.1% in 2022, according to the Czech Statistics Office, and dropped to 2.0% year-on-year in February, which equals the bank’s target, and remained unchanged at the same level in March.
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