Czech president appoints policy dove as governor

Koruna falls as rate-hike opponent and former Babiš adviser prepares to lead CNB

cnb

Aleš Michl, a dovish member of the Czech National Bank’s board, was named as the next governor on May 11 by the country’s president Miloš Zeman.

Michl will serve a six-year term, succeeding Jiří Rusnok on July 1. Rusnok was not eligible for a second term as governor, because he had already been appointed twice to the central bank  board.

The new governor has been one of two opponents on the CNB board of its current programme of raising interest rates to stamp down rising inflation. Since June

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.