The governor of the central bank, Miroslav Singer, said the bank board was debating when best to curtail the forex interventions launched last November to weaken the crown in order to avoid deflation. Mr. Singer said that the economic figures released in the first two months of this year were proof that the decision had been the right one and that the move had no stiffled economic growth. He said he expected a very mild strengthening of the crown once the interventions were concluded and noted that the board would not risk a premature decision to end the interventions and face the same problem. The central bank’s decision has come under fire from many politicians and analysts who said that weakening the crown was not a good decision at a time when the country was coming out of a drawn-out crisis.
The kebab squad
New style brainstorming marathon comes up with ideas for Prague metro system
Migrants biggest factor in rise in Czech population
Prague Jewish community celebrates new Torah scrolls
Ignoring refugee plight “tragedy and crime”, says Ai Weiwei ahead of opening of huge new work in Prague