Czech Central Bank Refrains from Forex Intervention in November

The Czech central bank did not intervene in the foreign exchange market in November. According to the bank’s monthly report, it did not buy or sell any foreign currency during the month. The Czech central bank has been using foreign exchange interventions as a tool to influence the exchange rate of the Czech koruna, which is allowed to float freely against other currencies. In the past, the bank has intervened in the market to weaken the koruna if it becomes too strong, or to strengthen it if it becomes too weak. However, in November, the exchange rate of the koruna remained relatively stable, and the central bank did not see a need to intervene.

Article by Prague Forum

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