Inflation concerns for Czech NB

The Czech National Bank (CNB) is worried about the inflation criterion the country must meet before joining the euro, vice-governor Miroslav Singer told delegates at a forum of the Czech Exporters' Association on 10 November.

According to convergence criteria for a country looking to join the euro, it must keep inflation within 1.5 percentage of the average inflation rate of the three member countries with the lowest inflation for two years before adopting the currency.

"The criterion was

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