AIRLINK 210.97 Decreased By ▼ -7.01 (-3.22%)
BOP 10.67 Decreased By ▼ -0.26 (-2.38%)
CNERGY 7.41 Decreased By ▼ -0.14 (-1.85%)
FCCL 33.57 Decreased By ▼ -1.26 (-3.62%)
FFL 18.41 Decreased By ▼ -0.91 (-4.71%)
FLYNG 23.62 Decreased By ▼ -1.53 (-6.08%)
HUBC 131.39 Increased By ▲ 0.30 (0.23%)
HUMNL 14.10 Decreased By ▼ -0.46 (-3.16%)
KEL 4.98 Decreased By ▼ -0.20 (-3.86%)
KOSM 7.16 Decreased By ▼ -0.20 (-2.72%)
MLCF 43.76 Decreased By ▼ -1.87 (-4.1%)
OGDC 213.56 Decreased By ▼ -8.52 (-3.84%)
PACE 7.45 Decreased By ▼ -0.71 (-8.7%)
PAEL 41.53 Decreased By ▼ -2.66 (-6.02%)
PIAHCLA 17.47 Decreased By ▼ -0.22 (-1.24%)
PIBTL 8.60 Decreased By ▼ -0.37 (-4.12%)
POWERPS 12.50 Decreased By ▼ -0.01 (-0.08%)
PPL 189.60 Decreased By ▼ -3.41 (-1.77%)
PRL 44.31 Increased By ▲ 1.14 (2.64%)
PTC 24.97 Decreased By ▼ -1.66 (-6.23%)
SEARL 103.37 Decreased By ▼ -3.71 (-3.46%)
SILK 1.03 Decreased By ▼ -0.01 (-0.96%)
SSGC 40.50 Decreased By ▼ -4.50 (-10%)
SYM 19.52 Decreased By ▼ -1.67 (-7.88%)
TELE 9.44 Decreased By ▼ -0.71 (-7%)
TPLP 13.50 Decreased By ▼ -1.01 (-6.96%)
TRG 64.47 Decreased By ▼ -2.81 (-4.18%)
WAVESAPP 10.90 Decreased By ▼ -0.39 (-3.45%)
WTL 1.65 Decreased By ▼ -0.05 (-2.94%)
YOUW 4.21 Decreased By ▼ -0.04 (-0.94%)
BR100 12,191 Decreased By -205.8 (-1.66%)
BR30 36,583 Decreased By -764.3 (-2.05%)
KSE100 116,255 Decreased By -1331.9 (-1.13%)
KSE30 36,603 Decreased By -461.7 (-1.25%)

The Czech central bank is likely to keep the crown weak until the first half of 2017 and it is not expected to adjust its policy when it next meets, a Reuters poll showed on Wednesday. At its last policy meeting on February 4, the Czech National Bank (CNB) board ruled out halting its weak crown policy in 2016, prolonging a policy of intervention. But it said it may stop using the tool in the first half of next year.
In the poll, six of 11 analysts saw an end to the weak crown policy then. Five expected it later in
2017. Compared to February, eight respondents moved their expectations to a later date.
The seven-strong board also debated negative rates at the February meeting, but several central bankers have said since then they were unlikely to be used.
The Czech Republic became the first emerging market with negative bond yields and analysts are debating, with the European Central Bank (ECB) having cut official rates deeper into negative territory, whether the Czechs will follow suit. Only two analysts expected it would.
Governor Miroslav Singer, whose term ends in July, has said the bank was "technically and legally" ready for negative rates, but it would rather avoid them.

Copyright Reuters, 2016

Comments

Comments are closed.