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Czech central bank to keep currency weaker through 2014

Posted on 17 January 2014

The Czech central bank intends to keep the country’s currency weaker at just above 27 korunas to the euro through the end of the year, but after that the bank won’t prevent it from strengthening, the bank’s governor said late Thursday.
“As soon as that [exchange-rate] target is removed, it won’t bother us if the [koruna's] exchange range firms,” Miroslav Singer said at a conference. There have been questions about the central bank’s exit strategy from the exchange-rate target, of close to 27 korunas to the euro, set on Nov. 7………………………………………..Full Article: Source


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