Politics

Czech Republic: No Foreign Exchange Interventions

Published: September 27, 2013; 10:18 · (Vindobona)

As the Czech economy shows first signs of recovery, the Czech National Bank (CNB) decided against further monetary instruments.

Czech Republic: No Foreign Exchange Interventions / Picture: © Vindobona.org

After the meeting of CNB´s council, Governor Miroslav Singer explained that there is no need for monetary interventions yet. After six consecutive quarters of negative growth rates, the macro-economic frame conditions in the Czech Republic begin to improve steadily. Retail sale figures, industrial orders and purchasing manager indices indicate a visible upward trend. In July, retail…

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Czech Republic: No Foreign Exchange Interventions

As the Czech economy shows first signs of recovery, the Czech National Bank (CNB) decided against further monetary instruments.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.