Czech National Bank keeps interest rate unchanged at 0.05 percent. Such results was generally expected and is the least important outcome from today's meeting. The key issue - foreign exchange intervention - was not mentioned int the first report of the meeting. EURCZK firstly responded by strengthening to 25.69. Currently it is however withdrawing to the current level of 25.80 per euro. Press conference starts at 14:30. The decision to intervene, even though nothing is happening yet, is still unknown. Board in addition to the conference may try to counteract CZK otherwise than by direct action on the market.
EURCZK - online