Andrej Babiš Inflation interest rates National Bank czech republic News

Czech central bank drastically raises key interest rate, earning criticism from PM Babiš

Czechia’s central bank has raised the interest rate by 1.25 percentage points to 2.75 percent, which is the highest increase since 1997. According to Prime Minister Andrej Babiš, this decision is complete nonsense. Instead of supporting the economy, theCzech National Bank (ČNB), which is Czechia’s central bank, will allow the banks to earn more money […]
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