Rate round-up: Czech National Bank cuts on eurozone woe
The Czech National Bank unexpectedly cut its benchmark interest rate by 25 basis points to 0.75% on Thursday, citing events elsewhere in Europe.
Zdeněk Tůma, the governor of the Czech National Bank, said the decision to cut was heavily influenced by events across the continent, where the euro, and equity and bond markets have been hit as a result of the Greek debt crisis. "Probably the biggest difference is the outlook for euro interest rates, where a significantly lower level of rates is
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