FX market is a global market with a very high liquidity and trade volumes. This global market is open 24/7 except for the weekends and a few selected public holidays. The interbank trades are done through electronic systems EBS and Thomson Reuters Dealing. FX market is decentralized, which means there is no central exchange and the trades are realized on the over-the-counter (OTC) basis. Komerční banka enables access to this market through dealing and KB eTrading electronic platform.
The quotes are derived from the current rates on the interbank market. The bid-offer spread represents the spread for a typical client trade.
Exchange rates list states the rates at which it is possible to buy or sell foreign currencies for Czech Crowns at any KB branch in cash (banknotes) or cashless transactions.
9/29/2022 7:02 PM
At its
September meeting, the CNB decided to keep the base repo rate at 7%. This was
in line with analysts' and financial market expectations. At the next meeting,
according to the governor, rates should either remain unchanged or rise.
Without further details, the CNB also confirmed that it was prepared to
continue preventing “excessive fluctuations in the exchange rate of the
koruna”. Given the unsurprising outcome of today's meeting, we continue to expect
rates to remain at their current level for longer than the latest CNB forecast
suggests, namely until the middle of next year. In addition to the gradual and
prolonged pass-through of energy prices into inflation, this will be supported
by the current lack of monetary tightening. We see the risks to our forecast
skewed towards higher rates, especially with regard to further wage
developments.
Other commentaries
- 9/29/2022 7:02 PMAd-hoc reports: CNB interest rates remain unchanged
- 9/23/2022 3:45 PMAd-hoc reports: CNB to stay on hold in September and beyond
- 9/12/2022 3:25 PMIndicator Analysis: Inflation declined after more than a year and may have already peaked
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