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Czech Republic: CNB Concerned about Private Households

Published: November 13, 2013; 13:27 · (Vindobona)

In regard to the most recent forex intervention, the Czech National Bank (CNB) has expressed concern about private households, which would be affected for a longer period since savings as well as income will drop.

Czech Republic: CNB Concerned about Private Households / Picture: © Czech National Bank

The CNB, however, also argues that by the forex intervention jobs will be preserved and further ones created while losses of GDP would be prevented by this measure.

Earlier, Czech president Milos Zeman and his predecessor Vaclav Klaus as well as economists and trade unions had voiced scepticism about the national bank’s intervention. Zeman rejected the idea that the country was…

This article includes a total of 457 words.

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