The Czech koruna attracted JPMorgan bankers. At a time of inflation, they recommend keeping it

Inflation and the associated growth in bond yields in developed countries will lead to a decline in the exchange rates of those countries that belong to the category of young market economies in Europe, the Middle East and Africa. Analysts at the US investment bank JPMorgan predict this. However, according to them, there will be … Read more

The high level of the CNB’s foreign exchange reserves and its possible impact on the future development of the Czech koruna exchange rate (Thematic reports)

Czech National Bank decided to renew the program of the sale of part of the holding income after nine years foreign exchange reserves, with effect from January 2022. Total volume foreign exchange reserves in the central bank’s balance sheet amounted to about 3.5 trillion at the end of last year. CZK, ie about 60% of … Read more

The koruna wiped out part of its profits after the CNB meeting –

There was a surprise at Thursday’s meeting of the Czech National Bank. The Bank Board decided to increase the two-week repo rate by 0.75 percentage point to the resulting 1.5%. This is the largest increase in interest rates in the last 24 years. By doubling the two-week repo rate, the Czech National Bank has responded … Read more

Dawn: CNB raises rates aggressively, koruna strengthens and debate over sale of FX reserve income begins

The Czech National Bank surprisingly raised rates by 75 bps to 1.50%, in response to the accumulation of inflation risks in recent weeks. According to Governor Rusnok, the majority of the Bank Board perceives the risks (given the August forecast) as significantly pro-inflationary, and has therefore resorted to a faster rise in interest rates than … Read more

Polish currency is the weakest against the koruna in modern history, Czechs take trades in Poland by storm –

The Czech koruna is currently trading at the strongest level against the Polish zloty in modern history. It is the strongest against the Polish currency since the 1990s, when both the Czechia and Poland went through a period of transformation. As part of the transformation, the Czechia adopted the free floating exchange rate regime in … Read more

According to the largest bank, the US bank intended to invest in the Czech koruna. The weakening of the dollar is only temporary, even tightening of NB currency screws

The largest US bank, JPMorgan, has won a worldwide increase in demand for esk korun, she was going to wind up investment to n. In some other so-called developing markets. Ty central bank emerging market, which will reliably keep inflation like this centralln banka rusk, esk i brazilsk There is also a growing demand for … Read more

The koruna is the strongest against the dollar in two years

The koruna remains strong against the euro. The exchange rate is 26.21 crowns for one euro. This is a ratio comparable to March this year, when coronavirus measures were taken. Then the koruna’s exchange rate against the euro went down rapidly. The Czech currency benefits from the dollar, as do others from the development of … Read more

The koruna continues to strengthen, riding the euro wave

The Czech currency started the new week with further strengthening. It is the strongest against the euro since mid-March this year, and even against the dollar since September 2018. Around 5 pm, it traded on the financial markets for 26.21 crowns per euro and for 22.25 crowns for dollar. The euro is the strongest against … Read more

The fall from the emergency situation is overcome. The koruna is the strongest against the euro and the dollar since March – ČT24 – Czech Television

The koruna was stronger against the dollar than on Friday, March 9, and against the euro on March 12. At the beginning of March, the first cases of coronavirus infection appeared in the Czech Republic, and on March 12, the government declared a state of emergency due to the spread of the disease. After the … Read more