The Czech central bank cut interest rates by 0.5 percentage points Wednesday and painted a dark picture of economic development that promises more policy easing on the horizon. The bank’s move takes the main repo rate to 2.25%, its lowest level since July 2006, which is below the euro zone’s 2.5%. Asked directly about the next rate move, Miroslav Singer, the bank’s vice-governor, said: “The fact that we say that risks of the development are ant-inflationary probably gives some answer.
