Read more on Czech preparations for ending intervention regimeThe so-called hard pledge that the central bank won?t scrap the currency cap before the end of the first quarter will expire in a few weeks.
ING Groep NV estimates that the central bank bought foreign currencies worth about 19.5 billion euros ($20.6 billion) in the first two months of this year, exceeding the 16.9 billion-euro intervention volume for all of 2016.
Investors? anticipation of the return to standard monetary policy has only intensified since inflation accelerated faster than the central bank had predicted at the start of the year.
?If we were to pledge to completely mitigate koruna swings right after the exit, then, effectively, we wouldn?t be leaving? the regime, Rusnok said.
The monetary authority won?t be overly concerned about short-term swings, which would be natural before the market returns to ?normal conditions,? he said.
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