Governor: Central bank could maintain weak crown policy to 2018

The Czech National Bank could under certain circumstances maintain its policy of keeping the crown weak until 2018, its governor Jiří Rusnok told the newspaper E15. Mr. Rusnok said, however, that the second quarter of next year was still the most likely date for ending the policy. It is, however, certain that it won’t be discontinued before then, he said. Since November 2013 the CNB has spent nearly CZK 600 billion on the currency markets keeping the crown at around 27 to the euro.

Author: Ian Willoughby