Research (J&T BANKA)
Currencies  |  December 20, 2012 09:10:16

CNB has fulfilled expectations regarding rates, surprising absence of comments on possible interventions


Czech National Bank today as expected, left interest rates at zero (0.05%). Without surprise press conference was Governor Singer, only unexpected was that participants voiced no comments for foreign exchange interventions. Can form the impression that the Board is the current level of the crown (25.2 to 25.5) satisfied, and the threat of intervention is the only real appreciation of the koruna. Zero rate probably will remain for the next year. In addition to fluctuations in the crown of cash and bond markets remain unchanged.

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ČNB splnila očekávání ohledně sazeb, překvapila absence komentářů k možným intervencím

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