CNB intervenes on the FX market against depreciation of the koruna

At its extraordinary meeting today, the Bank Board decided to react to the sizeable depreciation of the koruna in recent days by launching foreign exchange market interventions. The goal is to prevent a longer-term weakening of the koruna in a situation of high inflation. The CNB has large international reserves, even by international comparison.

The programme of sales of part of the income on international reserves will be suspended while the interventions are going on.

The CNB will not publish additional details regarding these operations.

Markéta Fišerová
Director of the Communications Division and CNB Spokesperson