Czech political tug-of-war has not harmed koruna
Polish industrial output above expectations
The Czech koruna still ignores domestic political situation. On Tuesday, the High Court defeated charges against 3 members of Parliament accused of corruption, which led to the fall of the government. Yesterday, the Parliament rejected the proposal of the Social Democratic Party to dissolve itself, allowing political uncertainty to last throughout summer holiday. Nevertheless, at least for now, the koruna has disregarded political wrangling and has remained stable just below 26.0 EUR/CZK.
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KBC