The Czech Republic’s central bank has announced its fifth consecutive interest rate cut, bringing it to 4.75%, as predicted by analysts. Since December 21, when the bank made its first quarter-point reduction, further reductions of half a percentage point each have been made on February 8, March 20 and May 2. Inflation in the country decreased from 15.1% in 2023 to 10.7% in 2024, reaching the bank’s target of 2.0% year-on-year in February before rising to 2.9% in April and falling back down to 2.6% in May.
Meanwhile, the Czech economy grew by a modest 0.3% compared to the previous quarter and expanded by a meager 0.2% year-on-year during the first quarter of
