Czech central bank maintains outlook for weak crown policy under new governor

August 4, 2016 12:19 PM

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PRAGUE Aug 4 The Czech central bank board still expects to remove its cap on the strength of the crown currency in mid-2017, the bank said after the first board meeting led by new Governor Jiri Rusnok on Thursday.

The bank slightly raised its end-2017 inflation forecast and cut its growth outlook for the next year.

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