Thursday, the Czech National bank kept its key interest rate unchanged at 1.75%. The decision came in line with economists' expectations. In February, the two-week repo rate was lowered by 50 basis points from 2.25%.
In latest data from the Czech economy, the GDP dropped 0.9% sequentially in the fourth quarter, in contrast to a 0.3% rise recorded in the previous quarter. Consumer price annual inflation slowed to 2% in February from 2.2% in January.
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