The balance of payments current account brought a positive surprise when the surplus came in higher than expected. In January, the balance reached a surplus of CZK 5.5bn. The main contributions came from a surplus on the foreign trade side and a lower deficit on the income balance. This information could support the koruna in its current move to stronger levels. The important thing is whether results in the following months will show a stabilization or further deepening of the external imbalance.