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Currency News

EU's Biggest Hawks Hike Rates and Unveil Bullish Koruna View

01 Feb 2018 07:27Bloomberg
The Czech National Bank's board voted unanimously to increase the benchmark interest rate a quarter point to 0.75 percent, Governor Jiri Rusnok said Thursday. more

Czech hurdler claims 2016 Rio Olympics stamp breaks copyright law

09 Dec 2017 09:22Linn's Stamp News
According to the Czech Republic's daily newspaper Mlada fronta Dnes, Hejnova is seeking 1 million koruna (equivalent to approximately $46,000) in the case, where she claims the image was created from a 2012 photo from the London Summer Olympics. more

Czech Republic buys pig farm at former Nazi camp to shutter it

23 Nov 2017 10:30The Times of Israel
The state bought the farm from the Agpi agricultural firm for 450 million koruna (18 million euros, $21 million) and will pay an additional 120 million koruna to clean the site. The contract still needs to be approved at a general meeting of the firm ... more

Czech markets optimistic ahead of election despite 'populist' surge

20 Oct 2017 08:30Financial Times
Nevertheless, Mr Ghose says “this uncertainty is unlikely to weigh on Czech assets or the koruna, as politics has been unstable in the Czech Republic already in recent years, but not policies”. Mooted outcomes include an alliance between Ano and a ... more

Crown strengthening but no immediate boon for consumers

19 Oct 2017 07:11Radio Prague
Jan Bureš, photo: Tomáš Adamec “The main reason behind the strengthening of the Koruna is the growing bets on increase in interest rates in the Czech Republic, which makes the Koruna more attractive, especially in relative terms towards the Euro. more

Vast majority in Czech Republic reject euro in favor of national currency

17 Oct 2017 07:00RT
The Czech koruna has become the world's top performing currency against the US dollar, strengthening over 10 percent against the greenback in the last 52 weeks. more

Czech Republic: Economy So Far So Good

03 Oct 2017 08:41International Monetary Fund
Afterwards, in what we saw as a very positive sign, there was no extraordinary volatility on the foreign exchange market involving the koruna. The Czech currency even started to appreciate slightly, and I'd say, unexpectedly. From our perspective, it ... more

Koruna clings on to gains after central bank comments

30 Jun 2017 06:03Financial Times
“The exit from the exchange rate commitment in April was the first step towards a gradual return of the overall monetary conditions to normal,” it said in its statement. more
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