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.

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