Commerzbank Says Czech Koruna Could Stay Weak Despite Rate Hike
Commerzbank's Tatha Ghose says the koruna could remain under pressure even if the Czech National Bank raises rates. A quarter-point increase is fully priced, he says.
The Czech koruna could remain under pressure even if the Czech National Bank raises interest rates in a decision at 1330 GMT, Commerzbank's Tatha Ghose says in a note. A quarter-point rate increase is fully priced, he says. More important, therefore, is the total magnitude of tightening the CNB is…