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Czech Republic’s central bank cuts a key interest rate again to help the economy as inflation falls

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PRAGUE (AP) — The Czech Republic’s central bank on Wednesday cut its key interest rate for a third straight time amid falling inflation and an effort to help the economy. The cut by a half-percentage point brought the interest rate down to 5.75%. The move was expected by most analysts. The bank started to trim borrowing costs by a quarter-point on Dec. 21, which marked the first cut since June 22, 2022. It continued with a cut by a half-percentage point on Feb 8. Inflation declined to 10.7% in 2

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