Czech National Bank Raises Key Policy Rate After Nearly a Decade

The Czech central bank raised its key policy rate Thursday for the first time in nearly a decade, a milestone for Europe’s central banks that have taken dramatic easing steps in recent years to prop up their economies and keep their currencies from strengthening too much.

The Czech National Bank raised its two-week repo rate to 0.25% from 0.05%, the bank said, the first significant rate increase by a European Union central bank in recent years. It had been at 0.05% since November 2012. The bank last raised rates in…


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