Slovak central bank, alike the Hungarian one yesterday, has hiked
rates by 50 bps. This action was expected, but still helped the SKK to
firm against the euro. As yesterday, there was some positive reaction
in the region, but the Czech koruna stays very calm again. It awaits
the Thursday monetary meeting of the Czech central bank, which should
be the main event of this week. Tomorrow, the Polish central bank sets
its rates, but is expected to leave them unchanged.
By the end of today session, the CZK trades stronger against the euro
at 28,36 CZK/EUR. The Czech currency firms also against the US dollar and trades at 22,46 CZK/USD despite the dollar strengthening against major currencies after better than expected US macro data.