In the coming months, the Czech currency should weaken from its current values, which are the strongest against the euro since the crisis year of 2008. It could thus weaken by several tens of pennies from Friday’s 23.90 CZK per euro. This follows from analysts’ estimates. According to them, the strengthening of the koruna in … Read more
The koruna breaks through the threshold of 23.90 per euro, for the first time since November 2008. However, it will weaken by the end of June. “Now is a good time to buy foreign currency,” advises economist Lukáš Kovanda. The Czech currency broke the exchange rate limit of 23.90 crowns per euro on Thursday afternoon. … Read more
– Some banknotes will soon expire. After June 30, it will not be possible to pay several samples worth 100 to 2,000 crowns. But people will have several more years to exchange. Some banknote designs expire after 30 June. This applies to all values except 5,000 crowns. These are 100 crowns banknotes 1995 and 1997, … Read more
The Czech National Bank’s high foreign exchange reserves are a great tool for maintaining the exchange rate at current levels despite sharp inflation. This was confirmed by economists at the conference Quo vadis, CZK ?, organized by the investment company EMUN and whose media partner was the business server newstream.cz. However, long-term holding of the … Read more
Updated 10:38 11. 4. 2022, 09:46 – – The Czech Statistical Office (CSO) published new data on rising inflation in the Czech Republic on Monday. Record inflation does not slow down and adds wrinkles on the forehead to both consumers and economists. The rise in prices may soon be the highest since 1993. Compared to … Read more
The Fed’s fear of faster interest rates continues to terrorize global stock markets, but it is possible that the better is waiting for us. This is a brief description of the past week in the financial markets, where investors continued to monitor developments in US 10-year Treasury bonds and their impact towards the rotation of … Read more
In the last year and a half, the Czech National Bank has increased its gold reserves the most since the 1990s. Gold is generally considered an insurance against inflation. However, this was not confirmed much last year, as the metal even became cheaper, despite the rapidly accelerating rise in prices worldwide. The Czech National Bank … Read more
The koruna broke the psychological limit of 24.30 koruna per euro on Wednesday afternoon in Central European Time. It strengthened below it for the first time since September 2012. According to Bloomberg, the koruna reached a rate of 24,292 crowns per euro. It thus slightly lagged behind its absolute maximum for the entire period of … Read more
– Mortgage prices are not coming to an end. Even so, interest in housing finance is record high and the volume of mortgages provided is growing. Their average interest rate is currently around 2.7%, but according to economists, it will soon reach 4.5%. According to experts, the high interest in mortgages is due to people’s … Read more
Why is the CNB raising interest rates? Because inflation in the Czech Republic is rising really fast and is not just imported. There is no choice but to raise interest rates above neutral levels and tighten monetary policy. There is no other way to respond to the very rapid inflation that the CNB expects next … Read more