Something fishy is going on after nearly doubling interest rates in the last year to 7% the Czech National Bank's decision to stop remunerating required minimum reserves and commercial banks are freaking out.

How do you bulk under interest rates you set for yourself? How bad does this get downstream as banks reduce their lending books to reduce risk because they're not getting their "risk-free rate" from the central bank?

Do any Czech plebs know what's going on here? Seems like something is breaking