Czech cbank sees CZK around 28.2/EUR in 2007-paper

02.08.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

The Czech central bank (CNB) expects the crown to stay near levels around 28.20 against the euro until the end of this year in its updated ...

...inflation outlook, the CNB's chief forecaster said on Thursday.

Tomas Holub, head of the CNB's monetary department who is not a policymaker, wrote in an article in the weekly Ekonom that the new forecast, unveiled last week, saw the crown resuming its gradual firming trend during next year.

CNB policymakers used the updated quarterly projection, putting annual inflation at over 4 percent next year, to back up last week's 25 basis point hike in the main rate to 3 percent in the second such move this year [ID:nL26800751].

[PRAGUE/Reuters/Finance.cz]

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