Friday, 24 August 2018

Czech bazooka bigger than Swiss seen keeping speculators at bay

Bloomberg |
29 July 2015

In the battle against currency speculators, the Czech National Bank is toting more ammunition than the Swiss -- in relative terms at least. While Switzerland abandoned its cap on franc gains in January as foreign-currency reserves climbed to 76% of GDP, the central bank in Prague is in a more comfortable position.