Czech President Sceptical about CNB’s Forex Intervention

People ♦ Published: November 12, 2013; 14:23 ♦ (Vindobona)

Czech President Zeman expressed his reservations about the Central Bank’s latest forex interventions.

Czech President Sceptical about CNB’s Forex Intervention / Picture: © Wikipedia / David Sedlecký

During a radio interview, Czech President Milos Zeman expressed his concern about the latest forex intervention by the Czech National Bank (CNB). According to him, nothing but losses came out of interventions by the central bank. "I realize that it can help our exporters in a short run but the question is for how long," Zeman said. According to Zeman, "there is no danger of deflation in…

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