Gov. Miroslav Singer said that the crown has split somewhat from the general currency appreciation in the CEE region. He indicated that it is a reaction to the CNB’s verbal intervention against the crown. When asked if it is realistic for the CNB to physically intervene against the crown in the first half of this year, he said it certainly is possible. He also said that the objective of a relaxation in monetary policy is to change the behavior of consumers so that they spend and invest more