Central Banking

Czech govt recognises Tuma as c.bank head-for now

The Czech government agreed on Monday to recognise last week's appointment of Zdenek Tuma as the country's central bank governor for the time being, easing tensions over the naming by President Vaclav Havel last week.

Prime Minister Milos Zeman, who says Tuma is too hawkish and a disaster for the economy, refused to co-sign his appointment last week, and the cabinet then threatened not to recognise Tuma and to contest the matter in the constitutional court.

The battle is the biggest dispute to

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