Markets gear up for end of Czech koruna cap

inflation-risk2 — Going, going, gone: “In light of [last week]’s meeting, we expect the FX floor to be scrapped within the next six weeks” – Viktor Zeisel

- By Alessandro Aimone
- @aimoneale
- 04 Apr 2017

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The Czech National Bank (CNB) could pull its EUR/CZK floor and allow the koruna to trade below 27 as soon as this week, following strong inflation data and a change of language from the bank, which led analysts to believe the days of a cap on the Czech currency’s strength are numbered.

The CNB installed the minimum exchange rate in the euro’s value against the koruna in late 2013, after appreciation pressures in the currency put a dampener on inflation. But the latest figures for February

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