iPoint (iPoint.cz)
Czech markets  |  February 12, 2013 12:52:07

Czech National Bank: 180 degrees, 97 days and 50 cents (special with analysts MS)

iPoint.czLast Wednesday met the CNB Bank Board. On the table was a new forecast ahead decision what to do with monetary policy. Exchange rate against the euro in the morning trades over 25,7. In one of the published decision: "The CNB Bank Board at its meeting today decided to leave interest rates unchanged." From the beginning, there is peace. But 50 minutes later the crown strengthened under 25.5. Press conference starts at 14:30, at which Governor Miroslav Singer presents a new forecast says, among other things, that the crown is weaker than the stipulations of the new forecast for the year will be in the inflation tolerance band of the inflation target and the risks of the forecast are balanced.

With David Navratil from the MS on the CNB and the eurokoruně iPoint

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