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Weak crown ends with strong Czech currency seen on the horizon |
Prag, 10.04.2017 |
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The Czech crown is no longer subject to the central bank’s low crown regime, or specifically the currency interventions that kept it at or below 27 crowns to the euro. But that does not mean a complete ‘hands off’ from the central bank. So if it’s not deliberately low, where will the crown now go? After failing to deliver the death sentence to the low crown a week ago, bank governor Jiří Rusnok only provided a short stay of execution and on Thursday he announced that after more than 40 months the currency interventions that underpinned the low crown regime were over with immediate effect.
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Address : Euro-Brew Ltd., Hlboká 22, 917 01 Trnava, Slovakia Tel. : +421 33 53 418 53, Fax : +421 33 53 418 52, E-mail : info@eurobrew.sk |
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