WARSAW, Dec 22 (Reuters) – The Czech crown was stable on Friday, a day after Czech rate-setters kicked off policy easing, while other central European currencies were a touch weaker in slow pre-holiday trading. The Czech National Bank (CNB) cut its main repo rate by 25 basis points (bps) to 6.75%, the first reduction in more than three years amid slowing inflation and a sagging economy. The Czech crown traded at 24.55 per euro by 1047 GMT. The Hungarian forint was 0.3% lower at 382.40 after the Hungarian central bank also cut rates earlier this week, when it eased to 385.65 on Wednesday. “The forint has positively corrected, a cautious forint strengthening continued yesterday, and an important support was briefly…
Published Date: 2023-12-22
Source: Daily Mail Online
Categories: Society, Government, Finance, Business, Financial Services, Banking Services, Holding Companies, Recreation, Collecting, Paper Money
