CNB: No Monetary Interventions Necessary

Politics ♦ Published: September 24, 2013; 06:41 ♦ (Vindobona)

The Czech Republic´s economy moves forward slowly. A weaker koruna is not necessary.

CNB: No Monetary Interventions Necessary / Picture: ©

According to Citibank Europe Czech Republic, the majority of the CNB Council members are against further monetary interventions. Only three out of seven Council members consider intervening against the Czech koruna. At the next meeting, CNB´s Council is expected to hold the base rate at its historical low of 0.05%.

At the moment, the Czech economy is stabilizing. In the second…