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Czech Koruna: Limited CNB tightening keeps CZK under pressure - Commerzbank

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Czech Koruna: Limited CNB tightening keeps CZK under pressure - Commerzbank

Commerzbank’s Tatha Ghose notes that the Czech National Bank (CNB) delivered a widely expected 25 bp hike to 4.00%, but a narrow 4–3 vote and ‘fine-tuning’ language signal low odds of further tightening. Staff forecasts show inflation above target in 2027 and softer growth.

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