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Czech central bank chief: no need to cut rates now but ready to act if needed

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Czech central bank Governor Jiri Rusnok said on Tuesday he did not currently see a need to cut interest rates in response to the fallout from the spread of the coronavirus but stood ready to act should it become necessary. Rusnok told reporters the bank could lower interest rates – currently at 2.25% after a hike last month – at its March 26 meeting if the situation demands it.

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