Czech central banker says ending of crown cap will be transparent

October 19, 2016 6:47 AM

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PRAGUE Oct 19 The Czech central bank's move to eliminate its cap on the value of the crown will be transparent, Vice-Governor Vladimir Tomsik said in a presentation on the bank's website on Wednesday, reiterating the policy is likely to end in mid-2017.

Tomsik also repeated the bank's pledge that it would not end the crown commitment before the second quarter of next year and said the preferred exit would be in a single move, but that other steps could not be ruled out.

Also read: Hungarian central bank to give banks more time to build capital buffers

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