The Czech central bank cuts its key interest rate as inflation falls and the economy slowly recovers
Thursday, 1 August 2024 () The Czech Republic’s central bank has cut its key interest rate for the sixth time in a row as inflation falls and the economy recovers more slowly than expected. The cut, which had been predicted by analysts, brought the interest rate down by a quarter of a percentage point, to 4.50%. The bank started to trim borrowing costs by a quarter-point on Dec. 21. The Czech economy was up by 0.4% up year-on-year in the second quarter of 2024, and increased by 0.3% compared with the previous three months. Inflation dropped to the bank’s target of 2.0% year-on-year in June from 2.6% in May.
The Bank of England has cut interest rates to 5% at its August Monetary Policy Committee meeting, the first reduction of the UK’s base rate in four years. Responding to the cut, Chancellor of the Exchequer Rachel Reeves said: “Homeowners will welcome this cut in interest rates, but I know that...
Russia’s central bank raised its key interest rate Friday, despite warnings against such a move from some business elites within the country. Veuer’s Matt Hoffman reports.
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The Bank of Japan addressed the weakening yen by raising its key interest rate to 0.25%. The move briefly strengthened the yen and boosted Tokyo's stock market.... IndiaTimes
Hong Kong (AFP) Aug 1, 2024
Stocks were mixed Thursday after the Federal Reserve flagged a possible interest rate cut next month, but Tokyo's Nikkei tumbled... Energy Daily
Thursday, 1 August 2024 ()
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