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Czech Rates Left Unchanged as Recession Eclipses Inflation
Bloomberg – The Czech central bank kept its main interest rate at a record low for a 15th meeting as risks of an extended economic recession overshadowed an inflation spike fueled by an increase in sales taxes. Czech central bankers left the benchmark two-week repurchase rate at 0.75 percent, a quarter-point less than the European Central Bank’s main rate, which was in line with the forecasts of all 22 analysts in a Bloomberg survey. Read Article
Tags: 2nd Great Depression, banks, debt wealth, Europe, financial system
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