CNB Board voted on interventions …
… and did not pass them
Yesterday, the Czech national bank, in line with expectations, left its base rate, which is technically at zero (0.05 %), unchanged. CNB Board members could draw inspiration for their decisions from a new forecast envisaging deeper economic slump this year (-1.5 % instead of -0.5%) and higher growth next year (2.1 % rather than 1.8% predicted in the previous edition). According to the new forecast, inflation should remain below the CNB’s target at least by the end of the next year…
Read the full report: FX Daily
KBC