The Czech National Bank (CNB) increased its policy rate as its seen to be one the most hawkish central banks. Economists at Rabobank reviews the move unchained in the EUR/CZK pair by this decision. Key quotes “The CNB strengthened its reputation of the most hawkish central bank in the CEE region by raising its policy rate by 25bps to 2.25% on Thursday.” “Governor Rusnok revealed that it was a ‘difficult’ decision. The announcement was postponed by an hour to allow for more deliberation that concluded in a split vote of 4-3 in favour of a 25bps move.” “When the decision was announced, EUR/CZK plunged sharply and traded as low as 24.877 – the lowest since October 2012. However, EUR/CZK trimmed a large part of its intraday losses when it turned out to be a dovish hike.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Gold Price Analysis: XAU/USD pressuring 1570 resistance post-NFP FX Street 2 years The Czech National Bank (CNB) increased its policy rate as its seen to be one the most hawkish central banks. Economists at Rabobank reviews the move unchained in the EUR/CZK pair by this decision. Key quotes “The CNB strengthened its reputation of the most hawkish central bank in the CEE region by raising its policy rate by 25bps to 2.25% on Thursday.” “Governor Rusnok revealed that it was a ‘difficult’ decision. The announcement was postponed by an hour to allow for more deliberation that concluded in a split vote of 4-3 in favour of a 25bps move.” “When the decision… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
