The Czech Republic's central bank cut its key interest rate again Thursday with inflation higher than expected after keeping the rate unchanged at its previous policy meeting in December.

FTSE 100 notches new record after Bank of England cuts rates - London’s blue-chip index smashed through recent highs after experts said the Bank’s announcement gave it ‘a shot of adrenaline’.

The Monetary Policy Committee reduced the level from 4.75 per cent to 4.5 per cent - the lowest in more than 18 months .