The koruna will be affected by the announcement of a new CNB governor - ING

As per the economists at ING report, "It’s going to be a very big day for the Czech Republic Bank." Ales Michl, a dove CNB (a financial advisor who promotes monetary policies), will most likely take over as governor of the Czech Republic Bank. Prior,

May 11, 2022 - 03:37 PM 268 views

The koruna will be affected by the announcement of a new CNB governor - ING

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© The koruna will be affected by the announcement of a new CNB governor - ING

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As per the economists at ING report, "It’s going to be a very big day for the Czech Republic Bank." Ales Michl, a dove CNB (a financial advisor who promotes monetary policies), will most likely take over as governor of the Czech Republic Bank. Prior, it was Jiri Rusnok, whose term as the governor of the Czech Republic Bank ends in June.

The EUR/CZK currency pair volatility seems to be promising over the next two months because the current hawks have at least one last chance to express themselves at the June 22nd meeting.

Despite having a potentially big turn in the second half of the year, the Czech Koruna seems to remain weak.

Once the confirmation news is released regarding the next Czech Republic Bank Governor, who will be Ales Michl, then it could have a strong hit on Koruna again.

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