Czech cb divided on June rate rise

The Czech central bank's decision to raise interest rates in June was supported by three board members and opposed by two, the central bank said on Thursday July 9.

The central bank surprised markets on June 24 by raising key interest rates by 25 basis points from a record low of 2 percent. Minutes from the meeting released Thursday showed the decision to raise rates was made on a knife-edge.

The minutes showed broad agreement, however, that inflationary pressures in the Czech economy were

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