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PRAGUE, Dec 29 (Reuters) - Czech central bank Governor Zdenek Tuma said he saw room to cut interest rates by as much as 2.25 percentage points, a local newspaper reported on Monday. 'Somebody asked me recently what kind of a manoeuvring room we have and I told him that the manoeuvring room is explicit -- 2.25 percentage points, because rates are at 2.25 percent and the only border is zero,' daily Hospodarske Noviny quoted Tuma as saying. Tuma declined to specify where Czech borrowing costs should be in coming months, pointing to the bank's latest forecast which assumes a declining rate path. 'Where rates will be in coming month, we shall see according to the development of... [read full story]
Prague - The Czech Social Democrats (CSSD) today voiced support for a strike planned by the Prague public transport company (DPP) staff and criticised as irresponsible the City Hall's approach that they say leads to no...
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