India, May 7 -- The Czech National Bank lowered its key interest rate on Wednesday in line with expectations and projected more reductions in the second quarter as inflation is expected to remain within the tolerance band throughout the year.
The bank board, led by Governor Ales Michl, lowered the two-week repo rate by 0.25 percentage point to 3.5 percent and also cut the other key interest rates by the same amount, the CNB said in a statement.
Six policymakers voted in favor of the reduction, while one member voted for leaving rates unchanged.
The previous change in the repo rate was a quarter-point reduction in February.
"The Bank Board confirms its determination to continue its monetary policy in order to maintain inflation near the ...