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CZK: Koruna Steady As Dust Settles After Expected CNB Rate-Cutting Pause

CZK
EM BulletCzech RepublicBulletEmerging Market NewsCentral and Eastern EuropeCzechia

EUR/CZK trades flat at 25.133 with a key potential domestic price catalyst out of the way after the CNB announced its rate decision yesterday. From a technical standpoint, bulls look for a clearance of the 200-DMA (25.139) before targeting the 100-DMA (25.199) and 50-DMA (25.237). Bears continue to set their sights on the 25.0 area.

  • The CNB yesterday paused its rate-cutting cycle, acting on the basis of updated inflation forecasts, in a split (5-2) decision. Governor Ales Michl said that the Board was leaving all options open for the next monetary policy meeting in February, when they would likely debate holding rates steady or lowering them.
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EUR/CZK trades flat at 25.133 with a key potential domestic price catalyst out of the way after the CNB announced its rate decision yesterday. From a technical standpoint, bulls look for a clearance of the 200-DMA (25.139) before targeting the 100-DMA (25.199) and 50-DMA (25.237). Bears continue to set their sights on the 25.0 area.

  • The CNB yesterday paused its rate-cutting cycle, acting on the basis of updated inflation forecasts, in a split (5-2) decision. Governor Ales Michl said that the Board was leaving all options open for the next monetary policy meeting in February, when they would likely debate holding rates steady or lowering them.