For almost three years the country’s central bank has been intervening on the currency markets to keep the Czech crown weak. The Czech National Bank has signalled that it will end that policy quite soon. But what will happen next? One former deputy governor of the CNB believes the Czech currency will likely face “huge speculation”, Radio Praha wries.
Speaking on a debate show on Czech Television on Sunday, a former vice-governor of the CNB and currently a Member of the European Parliament, Luděk Niedermayer, said the change was likely sooner rather than later. Read details here (in English).
5th March 2019