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CNB Not to Stop Monetary Interventions Just Yet

Published: February 25, 2014; 15:06 · (Vindobona)

Exchange rates in the Czech Republic will not go back to the state before monetary interventions were carried out by CNB.

CNB Not to Stop Monetary Interventions Just Yet / Picture: © Czech National Bank

According to Deputy Governor of the Czech National Bank (CNB), Vladimir Tomsik, the Czech Crown (CZK) will not go back to its exchange rates before monetary interventions were carried out last November even if standard monetary policy was applied again.

Tomsik stressed that according to the central bank’s projections, there was no end to monetary interventions to keep the CZK…

This article includes a total of 273 words.

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