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| Central bank: Forex interventions to continue at least until end of first quarter |
| Prag, 14.02.2017 |
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| The Czech National Bank will continue with its policy of forex interventions at least until the end of the first quarter, central bank governor, Jiří Rusnok said at a press briefing on Monday, following a meeting with Prime Minister Bohuslav Sobotka. Earlier this month the bank governor said interventions were not likely to end before mid-2017, but there has been speculation they could be cut short earlier after inflation accelerated unexpectedly at the start of the year, coming in above market projections and the Czech National Bank’s target rate. The Czech Statistics Office reported 2.2 percent inflation growth year-on-year in January, up from a 2 percent rise in December. The forex interventions were launched in November 2013 as an instrument for maintaining monetary stability.
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