Czech Krona hits a 2023 high against the euro, supported by hawkish stance of central bank
Source: Binance
Time: 2025-09-09 22:47:01
According to Jinshi data, the Czech central bank has sent signals of tightening monetary policy to curb the continued inflation risk, and the Czech Krone is expected to continue its upward trend. The Czech Krona rose to its strongest level since December 2023.
The Czech Krona has risen 1.7% against the euro this quarter, tied with Hungarian forin as the best-performing currency in the region. At the past two meetings, Czech central bank policymakers suspended interest rate cuts, and hawkish positions supported the strength of the Czech Krona.
Citi recommends selling the euro in the three-month forward and buying the Czech Krone, citing that the Czech central bank may keep interest rates unchanged for the rest of the year and tighten monetary conditions through currency appreciation.