ING: If the Czech Central Bank takes a cautious stance on interest rate cuts, the Czech koruna may appreciate.

Jin10 data reported on August 6th that ING stated that the Czech koruna still has room to pump after recent appreciation, as the Czech Central Bank may signal during Thursday’s meeting that interest rates will remain high. Data released on Tuesday showed that the Czech inflation rate slightly fell from 2.9% in June to 2.7% in July, but this did not change the Central Bank’s cautious stance on interest rate cuts. ING expects that during Thursday’s meeting, the Central Bank will keep the benchmark interest rate unchanged at 3.5% and does not anticipate any further cuts for the remainder of the year.