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The Czech Republic’s central bank cut its key interest rate Thursday hoping to give the country's struggling economy a boost. The cut by a quarter of a percentage point brought the interest rate down to 6.75%. Last year the bank raised its key interest rate as it tried to combat soaring inflation.

Czech republicJiri rusnokCzech statistics officeEuropean central bankAles michlThe czech republicInterest rateCentral bankPercentage pointCzech statistics officeBenchmark rate