The Czech currency lost almost 1% versus the euro since the Poland’s a larger-than-expected 75 basis point rate cut on Wednesday, the worst performance among emerging currencies after the zloty and Chilean peso.
Dominik Rusinko, an economist at CSOB AS, the Czech unit of KBC Group NV, said international investors sometimes perceive central European nations as a “homogeneous” market, where a bigger cut in one nation can fuel similar moves in another.
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