Czech governor rebuffs PM over government dividend

Rusnok publicly tells prime minister that profits must be used to rebuild CNB’s buffers

Jiří Rusnok
CNB governor Jiří Rusnok

The governor of the Czech Republic’s central bank has rebuffed a suggestion from the prime minister that it should pay the government a dividend this year.

Prime minister Andrej Babiš said publicly on March 22 that the Czech National Bank should pay the government a share of its profits for 2020, Czech media reports. The next day, CNB governor Jiří Rusnok issued a firmly worded statement addressed to the prime minister saying the central bank would not do so.

Rusnok said that the CNB’s board

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