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CNB Keeps Policy Unchanged, Retains FX Pledge

CZECHIA
  • The Czech National Bank keeps the key policy rate unchanged at 7.00%, alongside expectations.
  • The board also keep their FX pledge, stating that they will act to prevent excessive moves in the CZK.
  • EUR/CZK edges lower in response to the decision, hitting a new daily low at 24.4828 before stabilizing.
  • Focus turns to the press conference with CNB Governor Michl at 1445GMT / 1045ET.

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