Reuters exclusively reports potential Czech interest rate hike

The Czech crown firmed on April 5 after Reuters exclusively obtained a comment from one of the seven members of the central bank`s board indicating the possibility of an interest rate hike at its next meeting in May. A Reuters correspondent attended a central bank seminar at one of the district branches in Brno, a city 200km from Prague where he was given the interview on the spot. The competition missed the event and was forced to match the interview one day later. The Reuters story was widely quoted by analysts and dealers as well as local media.