The Czech MPC struck an even more dovish note at today’s post-meeting press conference. Policymakersextended their pledge to intervene in the FX market to prevent the koruna from appreciating beyond 27/€to 2016. What’s more, a shift in the language in the communiqué suggests that they could be edgingtowards loosening monetary conditions further by weakening this exchange rate target.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.