Erste Group Bank AG (RBAG) dropped, leading Czech shares to a two-month low as concern that the U.S. Federal Reserve may refrain from more monetary stimulus hurt demand for riskier assets.

The stock fell 3.6 percent to 408 koruna by 10:23 a.m. in Prague, poised for its lowest close since Jan. 25. The 14-member PX (PX) equity gauge, where Erste has an 18 percent weighting, slid 0.9 percent to 956.50, headed for the lowest since Jan. 30.

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net