CNB intervenes on the FX market against depreciation of the koruna

The CNB hereby announces that it is active on the foreign exchange market and is conducting operations to mitigate excessive fluctuations and depreciation of the koruna. This activity by the CNB is necessary for it to fulfil its statutory objectives.

This step is fully in line with the CNB’s previous communications, which emphasised that the central bank is ready to react to excessive exchange rate fluctuations using its instruments in line with the managed float regime.

By international comparison, the CNB has high international reserves. Their use in the current exceptional situation is fully justified.

The CNB will not publish additional details regarding these operations.

 Markéta Fišerová
Director of the Communications Division and CNB Spokesperson