Zamrazilova May Agree With Czech Koruna Sales, Reuters Reports

Czech central bank board member Eva Zamrazilova may agree with koruna interventions if the benefits of a weaker currency for exporters outweigh the impact on inflation, Reuters reported, citing an interview.

Zamrazilova, who voted against all three Czech rate cuts this year, said there is a risk that weakening the koruna may increase prices of food and energy so much that it would further constrain domestic demand, the newswire reported.

To contact the reporter on this story: Peter Laca in Prague at placa@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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