Franc Ordeal Irks East Europe Holdout Trying Not to Be Swiss
- Czech central bank faces speculation over timing of cap exit
- Hampl emphasizes bank’s credo of transparency in policy
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Once dubbed the Switzerland of eastern Europe for its status as a safe haven for investors, the Czech Republic is now tirelessly stressing the difference.
Two years after the Swiss central bank roiled global markets by removing its cap on the franc, its Czech counterpart has explicitly ruled out delivering a similar jolt as it approaches the moment when it can unshackle the koruna following the end of near-zero inflation.