The central bank of the Czech Republic raised interest rates today, but that did not prevent the Czech koruna from falling against the US dollar.
Czech Koruna CZK
Detailed information and fundamental factors
Central Bank: Czech National Bank
Interest Rate: 2.00%
Public Debt to GDP Ratio, 2017: 35.1%
Trade Balance, 2018: $15.7 bln.
Inflation, 2018: 2.1%
Supporting Factors
Strong economy compared to the eurozone.
weak
The Czech koruna is the official currency of the Czech Republic. It replaced the Czechoslovak koruna in 1993 after the dissolution of Czechoslovakia. The government planned to introduce the euro instead of the nation’s currency, but the plan was suspended as the major part of the country’s population is against such change.
Czech Koruna News Archive
Czech Koruna Trades Higher Following Interest Rate Hike
November 2, 2017 at 14:27 Czech Koruna
The Czech koruna edged up against the US dollar during the current trading session after the nation’s central bank hiked its interest rates.
Czech Koruna Advances After First Interest Rate Hike in Almost a Decade
August 3, 2017 at 11:29 Czech Koruna
The Czech koruna advanced against the US dollar today after the central bank decided to hike its key two-week repo rate.
Czech Koruna Falls as Experts Scale Back Rate Hike Expectations
July 31, 2017 at 13:04 Czech Koruna
The Czech koruna fell today as analysts scaled back expectations for an interest rate hike from the nation’s central bank.
Czech Koruna Gains on Monetary Policy Outlook
July 28, 2017 at 13:31 Czech Koruna
The Czech koruna (sometimes also called the Czech crown) gained against the US dollar today amid expectations of monetary tightening from the nation’s central bank.
Czech Koruna Continues to Appreciate After Cap Removal
April 10, 2017 at 13:14 Czech Koruna
The Czech koruna continued to appreciate after the nation’s central bank had removed a cap on the currency last week.
Czech Koruna Soars After Central Bank Removes Cap
April 6, 2017 at 12:28 Czech Koruna
The Czech koruna soared today after the nation’s central bank removed the cap on the currency against the euro (CZK27 per euro).
Czech Koruna Slips as Central Banks Warns About Intervention
July 21, 2015 at 14:39 Czech Koruna
The Czech koruna fell against the euro today as the nation’s central bank warned about a possible intervention to curb excessive gains. The currency gained on the US dollar.
Deflationary Pressure Makes Czech Koruna Weaker
January 7, 2015 at 15:18 Czech Koruna
The Czech koruna sank today due to concerns that deflationary pressure may lead to additional monetary easing from the nation’s central bank. The currency fell more than 1 percent against the US dollar.
Czech National Bank Keeps Koruna Cap Intact
August 1, 2014 at 19:26 Czech Koruna
The Czech koruna rose against the euro today after falling yesterday as the nation’s central bank kept interest rates near zero and left the cap on the currency intact during its policy meeting. The koruna rose together with other most-traded currencies against the dollar.