This year, the Czech National Bank will continue the easing of monetary policy, which it started in December with the first reduction in interest rates since May 2020, CNB Deputy Governor Eva Zamrazilová said on Sunday. The rate of reduction will depend on how quickly inflation, which interest rates are meant to tame, will subside. … Read more
Most often, Czechs need euros during their holidays abroad, which are used to pay in the destinations where people from the Czech Republic go the most, namely in Croatia, Italy, Slovakia, Austria and Germany. The koruna against the euro has strengthened by almost four percent over the past year. “If a family were to exchange … Read more
“The Czech currency is supported by a positive mood on the capital markets, a high interest differential and a change in the rhetoric of central bankers related, among other things, to the cooling of inflationary pressures. If this sentiment and macroeconomic development continues, the koruna may also move to stronger levels in the coming months, … Read more
Around 3 p.m. on Thursday, the exchange rate of the koruna against the euro was 23.268 CZK/EUR, server data showed Patria. “In the entire history of the euro, since January 1. 1999, the koruna traded below the 23.30 mark only on six days, mostly in July 2008,” Kovanda stated on Twitter. On Thursday, the koruna … Read more
Show more You can also listen to the article in audio version. What you will read in the analysis Czech companies take out crown loans from banks instead huge amount of loans in eurosfor which – unlike crown bonds – they do not pay such high interest. He transfers a large part of these loans … Read more
The Czech currency has been doing well for several months. About a month ago, it crossed the threshold of CZK 23.80 per euro, and now it has even broken through CZK 23.50 per euro. At around 2:30 p.m. on Tuesday, the exchange rate was CZK 23.49/EUR, data from the Patria server showed. “The crown is … Read more
Parity between the euro and the dollar is undoubtedly a significant event in the world foreign exchange markets, which has not been here for 20 years. The single European currency has been falling against the dollar for almost a year and a half, with differing central bank policies playing a big part in the story. … Read more