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Forex interventions may end later than planned

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The current development of inflation signals that the Czech National Bank (ČNB) may leave the forex intervention regime later than planned, according to some analysts, but analysts agree that the central bank will not change interest rates at its policy meeting on May 7. The ČNB’s current forecast says that the intervention regime should end at the beginning of 2015 but some analysts do not rule out they will continue till 2016.

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