KM Financial Solutions | CEE MARKETS-Currencies steady, Czech crown supported by hawkish central bank shift
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CEE MARKETS-Currencies steady, Czech crown supported by hawkish central bank shift

CEE MARKETS-Currencies steady, Czech crown supported by hawkish central bank shift

Currencies in Central Eastern
Europe were stuck in tight ranges on Thursday, with the Czech
crown holding on to recent levels after the central bank sent a
hawkish message to investors.
Governor Jiri Rusnok said after the bank’s meeting on
Wednesday that the Czech National Bank may be close to raising
interest rates again to rein in domestic inflation if weakness
in the euro zone turns around.
The board voted 5-2 to maintain the

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