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Czech Koruna CZK
Central Bank: Czech National Bank
Interest Rate: 1.00%
Public Debt to GDP Ratio, 2020: 39.1%
Trade Balance, 2019: $14.9 bln.
Inflation, 2019: 2.8%
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.
The Czech koruna rallied today after the nation’s central bank surprised markets, raising interest rates despite the threat of a global economic slowdown. Currently, the currency has backed off from the day’s highs but is still trading above the opening level.
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.
The Czech koruna edged up against the US dollar during the current trading session after the nation’s central bank hiked its interest rates.
The Czech koruna advanced against the US dollar today after the central bank decided to hike its key two-week repo rate.
The Czech koruna fell today as analysts scaled back expectations for an interest rate hike from the nation’s central bank.
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.
The Czech koruna continued to appreciate after the nation’s central bank had removed a cap on the currency last week.
The Czech koruna soared today after the nation’s central bank removed the cap on the currency against the euro (CZK27 per euro).
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.
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.
