Czech central banker urges traders to be wary of Koruna Swings.
Global Banking News-March 3, 2017--Czech central banker urges traders to be wary of Koruna Swings
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Global Banking News - 03 March 2017
The head of the Czech Republic's central bank has urged traders to be wary of Koruna swings.
During an interview in Prague, governor Jiri Rusnok hinted that traders should not expect reassurances from the central bank on market turbulence. A regime limiting currency appreciation is expected to be removed in the middle of this year. Rusnok said that the bank would not be overly concerned about short-term swings, which would be natural before the market returns to normalcy.
He warned investors who are expecting the koruna to help them make a quick pay-out.
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