National Bank leaves interest rates unchanged as ‘volatile’ crown falls

The Czech National Bank left interest rates unchanged at 1.75 percent as predicted on Thursday. The Czech crown fell to around 27.43CZK to the euro and 20.21CZK to the dollar in light of investors’ uncertainty following the vote of no-confidence in the government. According to analysts the crown remained ‘volatile’ in the current financial climate and with Mirek Topolánek’s government handing in its resignation. The Prague Bourse however ended the day up 0.5 percent with the main PX Index climbing to 810.7 points.