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.

Beijing’s central bank governor and other top financial officials outlined plans to cut interest rates and reduce bank reserve requirements to help free up more funding for lending. They also said the government would increase the amount of money available for factory upgrades and other innovation and for elder care and other service businesses.