National bank increases interest rates

The Czech National Bank has raised the interest rates by a quarter of a percentage point for the fourth time this year. The main rate was brought to 3.5 %, the highest level over the last five years. Following the news, the Czech crown strengthened its position against both the euro and the dollar to an all-time high of 26.28 crowns per euro and 17.79 per US dollar.

Author: Ruth Fraňková