A vice governor of the Czech National Bank has said that its intervention, which has helped drive down the value of the koruna, could go on longer than expected. Vladimír Tomšík told Reuters that the bank’s plan to continue the policy until the end of 2016 could be extended, depending on the outcome of a report on inflation to be published next week. The CNB originally took steps to devalue the koruna in November 2013 in order to guard against deflation and to stimulate the economy. The first hint that the bank could be thinking of extending the policy beyond 2016 came in an interview last week in a Slovak newspaper.
