The Czech National Bank council has repeated its warning that it is likely to end its policy of driving down the price of the Euro during the second or third quarter of 2017. The currency intervention began in 2017 in an effort to support the sale of Czech goods abroad. Economists see next year as a good time for the move, in view of the current development of inflation and wages. It’s believed that by the end of 2017, the Czech koruna could strengthen to between CZK 25 and CZK 25.50 per Euro, compared to the current rate which is north of CZK 27/EUR.
