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Czech National Bank Not Intending Further Forex Interventions

Published: November 21, 2013; 10:59 · (Vindobona)

According to Miroslav Singer, governor of the Czech National Bank, the authority is not planning on taking further measures at the forex market to weaken the Czech Crown (CZK).

Czech National Bank Not Intending Further Forex Interventions / Picture: © Czech National Bank

The rate of CZK 27 per Euro was sufficient, according to the Central Bank’s governor, who said that the authority does not plan on downgrading the Czech Crown further to CKZ 28 per Euro as the situation does not require further interventions. "We said 27 (CZK/EUR) for a long time. Unless something dramatic happens. Nothing dramatic has happened," Singer stated in a press conference…

This article includes a total of 282 words.

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