Articles for category: Business

Central Bank Hikes Rate, But Signals Patience

The Czech central bank delivered its second interest-rate hike of 2018, but its message that it won’t be in a hurry to further raise borrowing costs in one of Europe’s best-performing economies drove the koruna to a two-week low. The bank increased the benchmark rate to 0.5 percent from 0.25 percent on Thursday, the second ...