Czech National Bank spent 17 billion crowns in February intervening against crown

The Czech National Bank spent 17 billion crowns in February intervening on the forex market against the firming crown, according to data released by the bank on Wednesday. The bank launched the interventions in November 2013 with the aim to keep the crown's rate below 27 crowns to the euro. From then until February the Czech National Bank spent around 520 billion crowns on the interventions.

Author: Ruth Fraňková