Exchange rate fluctuation will not influence government economic policies, says PM

“Virtual turbulence” involving the exchange rate will not influence the economic policies of the Czech government, says the prime minister, Bohuslav Sobotka. Mr. Sobotka was reacting to the fact that the country’s currency the crown has weakened to 28.50 to the euro. Speaking on Czech Television on Sunday, he attributed that development to what he termed “wild speculation”. The prime minister said his government’s policy would help the Czech National Bank to achieve its inflation target of 2 percent.

Author: Ian Willoughby