Bloomberg News

Czech Policy Maker Comments on Euro-Area Link to Koruna

December 09, 2011

(Updates with quote from policy maker in second paragraph.)

Dec. 9 (Bloomberg) -- The recent weakening of the Czech koruna may have been the result of the market’s “perception” of the country’s trade links with the euro-area, central bank Governor Miroslav Singer said.

“I assume it may have been driven by the perception of our our trade relations with the euro area, with the euro area being our main trade partner,” Singer told the Senate when asked about koruna weakening. He didn’t refer to any specific koruna level.

--Editor: Douglas Lytle

To contact the reporter on this story: Peter Laca in Prague at placa@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net


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