Czech Central Bank Intervenes for First Time Since 2013

The Czech central bank intervened on the foreign-exchange market for the first time since 2013 as an economic recovery spurred the koruna to test the regulator’s limit on gains.

To stop the currency from breaching a limit of 27 against the euro after four months of appreciation, the Czech National Bank sold koruna on Friday, Katerina Bartuskova, a spokeswoman for the regulator, said by phone on Monday. She declined to comment on the volume and the exchange-rate level of the intervention. The koruna weakened 0.2 percent to 27.095 by 4:49 p.m. in Prague, according to data compiled by Bloomberg.