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Czech Republic: Monetary Interventions more Probable
Because of an unexpectedly lower inflation rate, foreign exchange interventions are more likely to come.

According to members of CNB (Czech National Bank), the Czech Republic needs further monetary policy steps. CNB is considering starting currency interventions. The interest rate already is at a technical zero. Since the second half of 2012, CNB has lowered the base rate gradually down to 0.05%. Thus, the last remaining instrument is to intervene against the crown. The last foreign…
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