Czech central bank hikes rates to two-decade high

A woman walks past a Russian shop on March 29, 2022 in Karlovy Vary, Czech Republic. - (Photo by Michal Cizek / AFP)

LONDON: The Czech central bank has hiked interest rates to a two-decade high and signalled it will raise them further, as soaring inflation overshadows risks to the economy from the war in Ukraine.

Policy makers raised the key rate by a half-point to 5% on Thursday, bringing the cumulative increases to 475 basis points (bps) since June.

Limited time offer:
Just RM5 per month.

Monthly Plan


Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan


Billed as RM148.00/year

1 month

Free Trial

For new subscribers only

Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Czech , Russia , inflation , central bank , interest


Next In Business News

China's largest auto show showcases all-electric future, local brands dominate
Unilever beats first quarter sales forecasts, sticks to 2024 outlook
Oil steady as market weighs US demand concerns, Middle East conflict risks
HeiTech Padu targets stronger earnings growth after returning to black in 2023
PBOC may up bond trading
Rafizi: Govt to share details on subsidy rationalisation mechanism
Deutsche Bank Q1 profit jumps 10% as investment bank outperforms
Stocks hit by tech slide; yen flails at intervention zone
Toyota hits record annual output, sales on robust demand
Solarvest delivers 8.9MWP solar project to NTPM

Others Also Read