Monday, 26 October 2020

World gets first rate hike of 2020 with surprise Czech move

Bloomberg |
7 February 2020

The Czech Republic unexpectedly became the world's first country to raise interest rates this year, but policy makers quickly signaled the increase would be the last. The central bank raised the benchmark by a quarter-point to 2.25% on Thursday, their first hike since May and the ninth increase in two-and-a-half years.