The koruna is losing against the euro. Zeman’s disease may also play a role

The domestic currency weakens despite the Czech National Bank raising its key interest rate three times this year, most surprisingly by 0.75 percentage point in September to the current 1.50 …

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Inflation in the EU and in the euro area rose sharply in August, the highest in ten years – ČT24 – Czech Television

For the first time, inflation thus significantly exceeded the European Central Bank’s (ECB) target. It intends to keep price growth at two percent per year in order to revive the …

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