Czech central bank slashes interest rates 75 points

Czech central bank slashes interest rates 75 points Submitted by Sahil Nagpal on Thu, 11/06/2008 - 13:43. Featured Czech Prague Prague - The Czech central bank Thursday slashed its key interest rate by 75 points in seeking to fight a slowdown in one of eastern Europe's leading economies. The cut to 2.75 per cent from 3.5 per cent was deeper than analysts had expected and left Czech Republic with the lowest rates in the 27-nation European Union. The Czech National Bank's decision came hours

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