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Czech Central Bank Made No FX Interventions In April

CNB

The Czech National Bank did not conduct any FX transactions to support the koruna in April, according to data on FX trading published by the central bank today.

  • This was the sixth consecutive month with no interventions as relative koruna strength allows the central bank to remain on the sidelines.
  • The last time when the CNB had to step in to prop up the domestic currency was in October, when it sold the equivalent of $78.3mn.
  • The data have come under closer scrutiny since the implementation of the current FX regime in May 2022, whereby the CNB is committed to prevent excessive moves in the koruna.

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