New Rate Setter Sees One More Year of Koruna Straitjacket

  • Benda says he sees no reason to shift koruna cap level now
  • Central bank will probably ‘do without’ negative rates

The Czech economic outlook indicates the central bank will be able to end its cap limiting koruna gains in about a year, and policy makers probably won’t have to pursue more unconventional monetary steps, a new member of the rate-setting board said.

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