Prague backs CNB on move to halt koruna's rise

The Czech government will divert its foreign exchange income from currency markets, on the advice of the country's central bank, which is keen to temper the appreciation of the koruna.

Miroslav Kalousek, the Czech Republic's finance minister, said on Wednesday that the government had agreed a range of measures with the Czech National Bank, "that will to the largest possible extent work against the firming currency trend."

"The measures will lead to public-sector operations being conducted

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