Czech's Tuma taciturn on koruna's slump

Zdenek Tuma, the governor of the Czech National Bank (CNB), has said he sees "no need to comment" on recent fluctuations in the value of the koruna against the euro.

The currency has fallen over 7.5% from its record peak of Kc22.925 on 21 July, and closed Thursday at Kc24.66, after the CNB cut interest rates by 25 basis points on 7 August. Trading in the currency has been affected by concerns about Czech inflation, which in July was running at 6.9% after peaking at 7.5% in the first two month

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