- Economy is providing resources for English speaking Business Professionals living in, visiting, or interested in Prague and Czech Republic. Browse our latest Economy articles, if you have interesting content to share with our users, please feel free to contact us anytime to discuss with us possible publication on!

OVM: B. Sobotka: Gov’t will not change its policy due to koruna

The fluctuation of the Czech koruna’s exchange rate will not influence the government’s economic policy. This was stated by Prime Minister Bohuslav Sobotka (ČSSD) in Czech Television’s political discussion show Otázky Václava Moravce (OVM). According to the PM, the government is helping the Czech National Bank to maintain the inflation target, which has been set at 2% since 2010. Mr. Sobotka believes that the Czech currency’s depreciation was caused by wild speculations.