Czech crown firms on rate hike announcement

26.07.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

PRAGUE, July 26 (Reuters) - The Czech crown firmed 0.02 percent against the euro and money market deposit and forward rates gained slightly...

...after the central bank raised interest rates on Thursday by 25 basis points.

At 1044 GMT, the crown dealt at 28.113 per euro , up 0.02 percent from just ahead of the announcement.

Czech rates are the fourth lowest among developed economies after Japan, Singapore and Switzerland, which has turned the crown into a popular source of cheap funds for investors looking to lock in higher yields elsewhere through carry trades.

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Články ze sekce: Zpravodajství ČTK