According to Michl, the CNB will lower interest rates further, then will be very cautious

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The Czech National Bank (CNB) may reduce interest rates again next week. But then it will be very cautious about further lowering rates, said CNB Governor Aleš Michl at the CNB Discussion Forum in Pardubice on Tuesday. The CNB began lowering interest rates last December, since then the basic interest rate has fallen from seven percent to 5.75 percent.