Czech c.bank chief sees crown reversal - paper

...significantly" within a few weeks, reiterating his previous stance on the currency. Tuma told the mainstream daily Mlada fronta Dnes that he expected a reversal in the crown's rise, especially given a record interest rate discount versus the euro zone, a deepening current account deficit and lingering political uncertainty.

He said the firm currency was increasingly calling into question expectations of an interest rate increase in the first quarter of this year.

The crown matched an all-time high of 27.410 per euro in offshore activity late on Tuesday, but slid as low as 27.520 early on Wednesday on Tuma's remarks.

[PRAGUE/Reuters/Finance.cz]