Czech Koruna Falls as Experts Scale Back Rate Hike Expectations

The Czech koruna fell today as analysts scaled back expectations for an interest rate hike from the nation’s central bank.

The Czech National Bank will conduct a policy meeting on Thursday. Previously, some experts were predicting the first interest rate hike from the bank in almost a decade. Yet now, forecasters believe that the bank may delay monetary tightening.

USD/CZK rose 0.22% to 22.2336 as of 13:01 GMT today.

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