CNB's Seidler says they are inclined to keep policy on hold in May

The CNB's inclination to keep policy on hold in May suggests a pause in rate adjustments, which may align with the current economic conditions and inflation trends. This could imply stability for the CZK against major currencies, potentially impacting USD/CZK and EUR/CZK exchange rates as traders gauge the implications for future monetary policy. Generally, such a stance may signal to the markets that the CNB is balancing growth concerns with inflation outlook, rather than leaning hawkish or dovish at this juncture.