Czech central bank cuts key interest rate amid economic recovery

PRAGUE, Czech Republic: Amid easing inflation and signs of an economic recovery, the Czech Republic's central bank cut its key interest rate for the fourth consecutive time this week.

In a move expected by analysts, the half-percentage point cut brought the interest rate down to 5.25 percent.

On December 21, the bank started to reduce borrowing costs by a quarter-point, marking its first cut since June 2