This Czech move has some in the market speculating that ECB might just surprise us all and cut rates too. Not helping EUR/USD which is back down at 1.2740.
Talk is that last time Czech National Bank cut rates in surprise move 3 years ago, ECB cut rates hours later. I can’t confirm that at writing but it’s spooked the markets for sure.
EDIT: Sorry about timing of story, I minute after ECB announced leaving rates unchanged. Totally lost track of time.
