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CNB Governor Sees Strong CZK as a Priority

  • CNB Governor speaks to Reuters, states he sees a strong CZK as a priority for both the central bank and government, adding that the CNB should stop rate hikes before inflation peaks due to the delay in monetary policy feeding through to the real economy.
  • He adds that rates are at a level now that cools economic activity, with monetary aggregates deflated by inflation showing monetary developments are already significantly restrictive.
  • EUR/CZK has drifted lower since the European open, briefly printing a low at 24.337.
MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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