Czech National Bank advises against joining ERM II in 2015

Photo of a pocket watch and coins on euro notes

The Czech Republic should not set a target date for entry into the eurozone, nor attempt to enter the exchange rate mechanism (ERM II) in 2015, according to the central bank and ministry of finance.

In a joint statement, published on December 15, they advised the government to avoid making any commitments, partly because of the costs involved in joining Europe's new supervisory and regulatory institutions.

They also raised concerns over the fact the Czech economy has "stopped catching up with" t

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: