Czech central bank hikes benchmark rate to 4% as core inflation persists - Yahoo Finance Singapore

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Investing.com -- The Czech National Bank lifted its benchmark interest rate by 25 basis points to 4.00% on Thursday, delivering its second rate hike of the year as policymakers confront persistent core inflation and mounting wage pressures. The quarter-point increase matched consensus forecasts among economists, though a split 4–3 vote underscored a tightening debate inside the central bank over the pace of monetary policy restriction. Still guessing which stocks will beat the market? Our AI portfolio updates monthly and is outperforming the S&P 500 by 118%. See this month's list » Policymakers emphasized that the move was designed to counter the secondary effects of rising energy costs rather than react mechanically to commodity price shocks.