Czech cbanker sees risk of crown correction -paper

...board member Vladimir Tomsik was quoted on Monday as saying in an interview.

Tomsik, who joined the seven-member CNB policy board last month, told the weekly Euro that while the crown's current tendency to firm feeds expectations of further appreciation, at the same time, it increases the risk of a downward correction.

The crown gained 6 percent against the euro last year, more than analysts and central bankers had expected, and reached an all-time high of 27.410 per euro in late December.

It has since shed nearly 1.5 percent to trade around 27.800 .

[PRAGUE/Reuters/Finance.cz]