PRAGUE Jan 10 The Czech crown will not jump
after the central bank ends its weak-crown policy to levels seen
before it entered the regime in 2013, central bank board member
Vojtech Benda said in a presentation from a business breakfast
on Tuesday, reiterating the central bank's stance.
The bank has kept the crown on the weak side of 27 per euro
since November 2013 to help revive inflation. The crown had
traded around 25.75 when the bank started intervening.
Investors have piled into the crown in recent months as
rising inflation brings an expected end of the weak-crown policy
The bank has said it would be ready to intervene in the
market if the crown firms too much, and Benda reiterated that
stance in the presentation delivered on Tuesday morning.
He said the bank's stance was that the policy will not be
abandoned before the end of the first quarter, and that it saw
an exit likely in mid-2017.
(Reporting by Jan Lopatka)