Following today’s Czech rate-setting meeting, Governor Singer commented that the MPC could end its policy of FX intervention to weaken the koruna by early next year. With the economy recovering and the lagged impact of the weaker currency on import prices still to come through, policymakers appear to be slightly more sanguine on the threat from deflation. That all being said, monetary conditions are set to remain extremely loose for the foreseeable future.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.