Czech National Bank Governor Josef Tosovsky has announced that he is hopping off the hot seat at the helm of the central bank to head the Financial Stability Institute at the Bank for International Settlements in Basel. This heralds the end of an era at the central bank. With the exception of a six-month stint when he was prime minister of a caretaker government, he is the only central bank governor the Czech Republic has ever had.

It has not been an easy year for Tosovsky who has faced fierce