Brazil's central bank raised interest rates by 50 basis points on Wednesday in a sixth straight hike that pushed borrowing costs to their highest in nearly 20 years, and left future steps open amid global uncertainties and sticky domestic inflation.

PRAGUE (AP) — The Czech Republic’s central bank cut its key interest rate again on Wednesday, with lower-than-expected inflation. The cut brought the interest rate down by a quarter of a percentage point to 3.50%. The bank had kept the rate unchanged at its previous policy meeting in March.

The key rate was lowered to 5.25% from 5.7%, its first cut since October 2023.