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Czech central bank cuts key interest rate to 3.75% as inflation stays higher than expected

Associated Press News
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Inflation was at 2.8% year-on-year in January but still higher than the rate of 2.6% predicted by analysts.

Bank started to trim borrowing costs by a quarter -point on Dec. 21, 2023 to boost the economy.

The European Central Bank , which sets interest rates for the 20 countries that use the euro currency, lowered its benchmark rate by quarter percentage point to 2.75% on Jan. 30 .