Rusnok: crown will return to appreciation


Central bank governor Jiří Rusnok believes the crown will return to appreciation in the coming weeks.

On the sidelines of a conference in Stockolm, Mr. Rusnok told Reuters that the Czech National Bank may hike interest rates faster and more if the crown remains weaker than the central bank forecast for a longer time.

The crown dropped to its weakest levels since last December this week trading at 25.85 crowns to the euro.