Czech crown weakest against the Euro since May 2022

The Czech crown has weakened in response to the decision of the Czech National Bank’s Board to cut the base interest rate by half a percentage point to 6.25 percent on Thursday. The decision will accelerate the monetary easing, which the National Bank started in December by cutting rates by a quarter percentage point.

As of Thursday, the Czech crown was trading at CZK 25.21 against the Euro, which is 24 cents weaker compared to the previous close. This marks the weakest performance of the crown against the euro since May 2022. Against the dollar, the Czech crown fell 23 cents to CZK 23.44.

Author: Ruth Fraňková