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Czech News in English » Business » Finance » Czech bazooka bigger than Swiss seen keeping speculators at bay

Czech bazooka bigger than Swiss seen keeping speculators at bay

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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.

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