UniCredit Bank Czech Republic and Slovakia,a.s.
Summary:
The Board of the Czech National Bank decided to stop the CZK weakening interventions
Thu, 06/04/2017
The Board of the Czech National Bank (CNB) decided to stop the foreign exchange interventions with immediate effect. CNB will no longer prevent the strengthening of CZK below the level of CZK 27 per EUR.
At the same time the CNB also said that they are ready to use their tools to alleviate the potential excessive fluctuations in the CZK exchange rates after the termination of the CZK FX rate commitment.
Source: Euro 24
Impact on investors: CZK FX rate volatility expected.