CNB said in its comment to Koruna unlimited interventions with a target of 27 CZK per EUR that lack of action risked at least 2 to 3 quarters of deflation in 2014. CNB sees without intervention, 2014 GDP growth would have been 1 percentage point slower and inflation will slow toward zero in 2014. Czechs “shouldn’t delay consumption in the hope of permanently declining prices,” central bank said late Friday.