| The Czech koruna could be just weeks away from relinquishing its title as the world’s most boring currency. This title is no accident. In late 2013, the country’s central bank took drastic action, setting an upper limit on the currency as a way to deflect deflationary pressures.
With benchmark interest rates at the time a whisker above zero per cent, and with no desire to take rates into negative territory, this was really the central bank’s only option. Its line in the sand is 27. The central bank will not allow the euro to trade below that point against the koruna — and duly it hasn’t..........................................Full Article: Source
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