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Czech Koruna Falls as Experts Scale Back Rate Hike Expectations

July 31, 2017 at 13:04 by Vladimir Vyun

František Palacký on 1,000-koruna noteThe Czech koruna fell today as analysts scaled back expectations for an interest rate hike from the nation’s central bank.

The Czech National Bank will conduct a policy meeting on Thursday. Previously, some experts were predicting the first interest rate hike from the bank in almost a decade. Yet now, forecasters believe that the bank may delay monetary tightening.

USD/CZK rose 0.22% to 22.2336 as of 13:01 GMT today.

If you have any questions, comments, or opinions regarding the Czech Koruna, feel free to post them using the commentary form below.

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