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.

The grounds for dismissal of CNB board members do not fully guarantee their personal independence, the definition of institutional independence is not sufficient; the consultation procedures [with the government] with regard to the exchange rate and the in