Higher for longer. That's been the consensus among economists when it comes to predictions about interest rates around the world. Many now believe the first rate cuts among the large economies will begin in the United States next April. For now, however, there’s no relief in sight. Not even from the Czech National Bank, which turned down the opportunity to reduce rates. Five of the 7 governors voted yesterday to leave the current 2-week repo rate at 7%.
CBN Governor Aleš Michl . . .
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