The Czech Republic’s central bank has cut its key interest rate for the seventh time in a row as inflation remains low and amid the economy’s slow recovery.

Sweden’s Riksbank cut its key interest rate for the third time this year and said borrowing costs will likely be lowered again soon as a faltering economy threatens to push inflation further below its target.

Czech policymakers are likely to lower interest rates for a seventh meeting as receding domestic inflationary risks and concerns over the global economic outlook boost the case for further monetary easing.

The move is in line with dovish signals from other central banks, notably rate cuts from the Fed and the ECB. View on euronews