Weak crown policy could be extended longer says bank governor

The board of the Czech National Bank suggested on Wednesday that it could quit its weak crown policy later than initially expected. The bank originally expected its currency interventions to keep the national currency lower than 27 crowns/euro would finish at the beginning of 2015. But it now appears, according to the latest comments by bank governor Miroslav Singer, that inflationary pressure will still be so low by then that the weak crown can probably be pursued longer

Author: Chris Johnstone