Czech National Bank (CNB)

Rybinski on inflation targeting, challenges ahead

In the speech 'Inflation targeting and the challenges ahead' given on 18 May Krzysztof Rybinski of the National Bank of Poland said that since 1990, when the pioneering Reserve Bank of New Zealand first introduced inflation targeting, over twenty…

Interview with Zdenek Tuma

With accession on the horizon, the governor of the Czech National Bank evaluates the progress of economic transition and discusses his concerns over joining the euro.

Czech Nat Bank vice-governor reappointed

CZECH REPUBLIC - As expected, President Vaclav Havel has reappointed Ludek Niedermayer, a vice-governor of the Czech National Bank (the central bank), to a second six-year term on the bank's rate-setting board.

MPs send amendment to law on CNB to final reading

CZECH REPUBLIC - The Chamber of Deputies today sent to a final reading the government-sponsored amendment to the law on the Czech National Bank (CNB), which corrects the drawbacks of the previous amendment criticised by the European Union.

Potmesil might become CNB Board member - Report

CZECH REP - Deputy Finance Minister Tomas Potmesil might become a hot candidate for the post of a member of the Czech National Bank (CNB) Board if President Vaclav Havel does not renew the mandate of CNB vice-governor Ludek Niedermayer, daily Pravo says…

CNB to change internal structure as of 2002

CZECH REPUBLIC - The Czech National Bank's (CNB) organisational structure will change as of 1 January 2002, and the Bank Board should deal solely with monetary issues and monetary-political decisions, says the latest edition of the Euro weekly, due out…

EC concern over independence of Czech c bank

CZECH REPUBLIC - The European Commission (EC) is worried about continued threats to the independence of the Czech National Bank (CNB), including the independence of the bank's board members, according to this year's annual assessment report.

OECD recommends more power to banks regulator

CZECH REPUBLIC - The Czech Republic can best minimise risks to its banking sector by creating preconditions for a more effective functioning of the regulator, the Czech National Bank (CNB), says a recently published study by the OECD on the Czech economy.

CNB will publish meeting records after six years

CZECH REPUBLIC - The Czech National Bank (CNB) has decided to publish the records of the bank board meetings. The central bank reacts to the interest and specific needs of economic analysts, economics students and historians of the Czech economy or of…

Klaus makes visit to CNB

CZECH REPUBLIC - A meeting of Chamber of Deputies chairman Vaclav Klaus with the Czech National Bank (CNB) Board on 14 May at CNB's invitation can be understood as an expression of the central bank's readiness to shake hands and make up.

Govt might question CNB governor's appointment

CZECH REPUBLIC - The Czech government could question the appointment of Zdenek Tuma as Czech National Bank governor by lodging a complaint with the Constitutional Court, Deputy Premier Pavel Rychetsky said on Apr 18.

Zdenek calls for state finance reform-paper

CZECH REPUBLIC - Czech public finance deficits could threaten the country's macroeconomic stability in two or three years if reforms are not taken, daily Hospodarske Noviny quoted the central bank Governor Zdenek Tuma as saying on Apr 13.

Inflation targeting improved-CNB Niedermayer

CZECH REPUBLIC - The effectiveness of the inflation targeting of the Czech National Bank CNB should be improved with the shift to targeting of overall inflation and setting a corridor for price movements up to 2005, CNB vice-governor Ludek Niedermayer…

CNB appoints new executive director for markets

CZECH REPUBLIC - The Czech National Bank has announced that Tomas Kvapil will be the new executive director for financial markets as of Apr 1, 2001, filling the post which was left vacant when Radek Urban left at the end of February.

Alice Frisaufova is new spokesperson at CNB

CZECH REPUBLIC - The Czech National Bank board at its session on Apr 5 approved the appointment of Alice Frisaufova, communication manager and spokeswoman for Ahold, as a new spokeswoman for CNB and head of the bank's PR department.

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