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At its meeting on Wednesday the Bank Board of the Czech National Bank lowered the two-week repo rate by 0.25 percentage point to 4.25 percent. It lowered the discount rate by the same amount to 3.25% and the Lombard rate to 5.25%. The new interest rate levels come into effect on September 26. The board also confirmed its intention to maintain a tight monetary policy so that inflation remains close to the central bank's two percent target in the long term.

In his speech to the UN Security Council, Czech President Petr Pavel reminded China of its responsibilities as a permanent member of the Council, urging Beijing to use its close relationship with Moscow to help secure an end to the bloodshed in Ukraine. “Membership of the UN Security Council is not just a privilege, it is, above all, a responsibility to defend global peace and security, which is entrusted to the members of the Council by others, Czech President Petr Pavel said at Wednesday's Security Council meeting on "Leadership for Peace" in New York. It is not sustainable for China to continue to fuel the current global security threat by supplying the tools Russia needs to strengthen its military against Ukraine and its people," Pavel said.

Czech President Petr Pavel called for the reform of the Security Council which would make it more effective, inclusive, accountable, and better reflecting today's realities. In his speech to the General Assemby, Pavel said that UN should allow for more effective action in responding and adapting to current trends. These include, in particular, the use of new technologies, stronger protection of the environment and a response to climate change.

On Thursday, President Pavel will continue his US visit in Chicago, where he will speak at the University of Chicago and pay tribute to former Czechoslovak President Tomáš Garrigue Masaryk, who lectured there in the early 1900s. Pavel will also meet with the local Czech community. In addition to his address, Pavel will participate in a roundtable on security threats and the role of innovation and new technologies. He is set to meet Illinois Governor J.B. Pritzker and Chicago Mayor Brandon Johnson. Later this week, he will visit the National Czech & Slovak Museum in Cedar Rapids, Iowa.

Deputy Prime Minister Ivan Bartoš has confirmed that the Pirate Party will leave the government following his unexpected dismissal from government posts. Bartoš said that the party’s two remaining cabinet ministers, Foreign Minister Jan Lipavský and Minister for Legislation Michal Šalomoun, would hand in their resignation once the decision to walk out of the government was officially sanctioned by an online vote of party members on Monday.

Foreign Minister Jan Lipavský, who is attending the 79th session of the UN Generally Assembly in New York, has said that if the Pirate Party decides to leave the government he will offer his resignation and simultaneously leave the ranks of the Pirate Party. Lipavský said he could not identify with some of the statements made about the government at Tuesday’s press conference of the Pirate Party. Prime Minister Fiala made it clear he did not want to lose Lipavský as foreign minister and President Pavel also said it would be unfortunate to have a change-of-guard at the top foreign ministry post.