Categories: Economy

Czech Republic’s Central Bank Announces Fifth Consecutive Interest Rate Cut Amid Inflation Struggles and Modest Economic Growth

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

Samantha Johnson

As a passionate content writer at newschemical.com, my name is Samantha Johnson. With a background in journalism and a keen eye for storytelling, I craft compelling articles that captivate and inform our readers. From breaking news to in-depth features, I strive to deliver content that is not only engaging but also insightful. With a love for words and a dedication to accuracy, I work diligently to keep our audience informed and engaged with the latest stories and trends. Join me on this journey through the world of news and knowledge at newschemical.com.

Share
Published by
Samantha Johnson

Recent Posts

The High Demand for AI Skills Driving Up Salaries and Attracting Talent in the Competitive Job Market

The AI talent race is heating up, and workers are reaping the benefits, according to…

4 hours ago

Marshall Health Network Expands Eye Care Team with Experienced Specialists: Dr. Raymond V. Mecca and Dr. Scott J. Henry

Marshall Health Network has recently welcomed two new eye care specialists to their team. Dr.…

4 hours ago

Rangers Dominate Rays with Historic 13-2 Victory and Career-High Performances

The Texas Rangers completed a dominant three-game sweep of the Tampa Bay Rays on Sunday,…

4 hours ago

The End of the Around the NFL Podcast: A Case of Corporate Silence and Fan Disappointment

In recent years, the NFL has evolved from a sports business to a media empire.…

4 hours ago

Canada’s Blue Economy: A Comprehensive Regulatory Roadmap for Sustainable Growth

In Canada, the government has unveiled its Blue Economy Regulatory Roadmap, a comprehensive plan aimed…

4 hours ago

The Battle Against Surveillance: London and Massachusetts Police Face Criticism Over Facial Recognition Technology Use

In 2020, the London police introduced a mobile facial recognition facility outside a shopping center…

5 hours ago