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Central Bank Conducted No FX Interventions In March

CNB

The Czech National Bank conducted no FX interventions to prop up the Koruna in March, latest data released by the central bank showed.

  • This marks the fifth consecutive month without any FX interventions, even as EUR/CZK added 3.4% in its trough-to-peak move in March before pulling back to multi-year lows.
  • The CNB introduced a de facto backstop against Koruna depreciation a year ago. It has remained one of the main pillars of the CNB's inflation-fighting strategy.

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