Research (Česká spořitelna)
Currencies  |  December 05, 2012 09:31:28

Hampl (CNB): There are reasons for the appreciation of the koruna

CNB Vice-Governor Mojmir Hampl, told Czech Radio that there are no grounds for strengthening the crown because she stopped convergence of the Czech Republic to the level of the EMU. Any intervention against the crown would be an instrument of monetary policy, it is not possible to bind their timing purely on exchange rate (but rather on the state of the economy). In our opinion there is no intervention in the near future is unlikely. With the gradual stabilization of the euro zone we expect improvement in the Czech economy, which suggests that interventions do not see as probable even in the medium term.

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Hampl (ČNB): Nejsou důvody pro posilování koruny

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