The Czech National Bank (CNB) lowered interest rates by 0.25 basis points to 4.25%, which is the lowest level of rates since February 2022. The move was anticipated by the local market and CNB is maintaining the policy of lowering rates it has pursued since December. “Inflation has since the beginning of this year moved close around the 2% inflation target,” CNB stated, adding that “price stability remains in the country” and that “the setting of monetary policy remains strict.” The country’s inflation growth stayed at 2.2% year on year, following a slight spike in the spring, and slightly abo…