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CNB Vote Unanimously to Cut Rates

CZECHIA
  • Czech central bank board voted 7-0 to cut rates on Thursday.
    • Previous split was 5-2 in favour of a hold.
  • The bank reiterates it is determined to continue fighting inflation until it’s fully under control, that means stabilized at the 2% target.
  • “The interest rate path will therefore be higher than in the baseline scenario of the forecast in the coming quarters,” the bank says.
  • The board assesses the risk and uncertainties of the baseline scenario of the forecast as “modestly inflationary.” (BBG)

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