The Euro Struggles to Win Over Czechs Going Slow on Adoption

The Czech central bank governor touted the benefits of his country’s currency, saying that the koruna puts it in a better position to moderate price-growth than the euro would.

“By using independent monetary policy, we are able to have very low inflation for a very long time,” Ales Michl told an event hosted by Bloomberg in Prague on Tuesday. The koruna has served the Czech economy well and, as a strong currency, has a critical role in taming price growth, he said.