Czech central bank cuts key interest rate by further 0.75 pp to 1 percent

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The Czech National Bank cut the main interest rate by 0.75 percentage
points on Thursday to 1 percent, following a surprise having cut of 0.5pp
on March 16.

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A wide majority of analysts polled by Reuters had expected that Czech
policymakers would cut rates by only 0.5 pp.

The aim is to mitigate the…