Czech currency gains slightly on confidence in Central Europe, CNB interest rate hike

The Czech crown strengthened by Kc0.14 to Kc31.80/EUR on enthusiam by foreign investors for growth prospects in Central European region, Komercni banka's dealing section told the CTK news agency. The crown's firming is also likely due to higher interest Mates, analysts said. The Czech National Bank on Thursday raised interest rates by quarter a point to 2.50 percent. The market had anticipated the tightening of monetary policy and showed no major reaction to the move itself.