The Czech National Bank’s move Thursday to raise its key two week repo rates by 0.25 percentage points to 0.5 percent was hardly a surprise and the Czech crown strengthened little as a result. Previous evidence had shown that central bank members had already been on the verge of raising rates at the previous session.
The ride-sharing service Uber is back on the road in Brno after the Supreme Court in Olomouc temporarily overturned a ban on its services in the Czech Republic’s second largest city. This is the second time that such a ban has been invalidated by a higher instance court in a protracted battle between Brno’s taxi drivers and Uber.
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