Czech less concerned over crown strength

The Czech central bank (CNB) is less concerned over the strength of the crown currency as the country's economic recovery grows more robust, CNB vice governor Ludek Niedermayer said in an interview on Friday.

While the CNB used to act against crown strength it stayed on the sidelines during a recent surge and Niedermayer said the currency's strength could also help put a cap on inflationary pressure which may come with the reviving economy and wages.

He added that inflation so far was in check

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