Czech governor misquoted on currency comments

Comments attributed to Zdenik Tuma, the governor of the Czech National Bank, which led to exchange rate fluctuations, have misquoted him, the Czech National Bank has said.

The Financial Times Deutschland published an article on Monday saying: "If the koruna's exchange rate increases further, Tuma does not rule out central bank intervention. "If the fluctuations are too strong, we will react. As soon as the exchange rate moves become a factor for inflation, then that is a criterion for our policy

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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