The central bank’s decision to launch forex interventions against the crown last November have won Miroslav Singer the title European central banker of the year by the Financial Times group monthly The Banker, but many Czech producers remain unconvinced it was the right move and consumers fear significant price rises in the coming months.
The Czech Republic´s top banker has gladly taken the praise awarded him by his international audience for the central bank's audacious foreign currency intervention to push the crown lower. But Czech National Bank governor Miroslav Singer admits assessments of the move will not really be possible until the impact on inflation becomes clearer.
Green mamba scare in Prague
Housing in Czechia least affordable in Europe
Ano wins elections in all regional capitals except Prague and Liberec
Madeleine Albright: Given their own histories, I’m stunned by CEE states’ treatment of refugees
Czech counterintelligence helps uncover Hezbollah hacking scheme