Koruna Weakens After Lizal’s Intervention Comment: Prague Mover
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The koruna slid after Czech central bank board member Lubomir Lizal said the need to weaken the currency has risen and as European sales of cars, the country’s biggest export product, tumbled to a 20-year low.
The koruna depreciated 0.1 percent to 25.638 per euro by 5:06 p.m. in Prague. It stood 4.3 percent weaker than on Sept. 17, a day before the Czech National Bank first signaled the possibility of selling the currency if deflation risks mount.