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Change in bank policies/ Interest rates decrease in the Czech Republic and England

2025-02-06 16:40:00, Kosova & Bota CNA

Change in bank policies/ Interest rates decrease in the Czech Republic and

Numerous changes are taking place in banking policies in Europe.

Just this day, in the Czech Republic and England, the respective national banks announced interest rate cuts.

The Bank of England cut interest rates by 0.25 percentage points, judging that a sharp upward revision to its inflation forecasts for this year will be temporary, while calling for a larger rate cut against a backdrop of weaker growth.

Bank of England Governor Andrew Bailey said the Bank would "closely monitor the UK economy and global developments and take a gradual and cautious approach to further rate cuts".

 At the same time, the Czech National Bank has announced a reduction in key interest rates. The Bank's Board decided today to reduce the two-week repo rate by 0.25 percentage points, bringing it down to 3.75%. The discount rate was also reduced by the same margin to 2.75%. The Lombard rate has also been adjusted to 4.75%.

All these changes have as a common reason the state of inflation at home and abroad, which in recent months has created difficulties and dissatisfaction among the peoples of Europe.  /CNA





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