Czech central bank is ready to use currency interventions if further monetary easing needed, Governor Miroslav Singer tells journalists in Prague after monetary-policy decision. Policy board voted on whether to start foreign exchange intervention, but result was not in favor.
“The probability of starting currency interventions hasn’t changed and remains high,” Singer said.
The bank left its main interest rate at a record low 0.05 percent and said it was ready to use interventions if looser policy was needed. Governor Miroslav Singer said the bank voted on the issue for a second straight meeting.
Sources: Bloomberg, Reuters, CTK