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Czech Koruna Eases Monetary Conditions, Tomsik Tells Reuters

The Czech koruna’s weakening is “doing the job” of easing the monetary conditions in the country, Reuters newswire reported, citing central bank Vice-Governor Vladimir Tomsik.

The deviation of the koruna’s current average exchange rate from the central bank’s forecast is “substantial, however not alarming,” Reuters quoted Tomsik as saying in an interview. Tomsik was the only central bank board member to vote for a reduction in interest rates at the last policy meeting on Nov. 3

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