Czechs move a step closer to readying new act

The Czech National Bank has made further progress on its new central bank law.

The central bank said on Friday 15 February that it had handed the draft form of the new law to the European Central Bank for consultation after the board reviewed the act following an inter-ministry consultation period.

The act, which is being prepared in anticipation of the country's accession to the eurozone, "aims to fully harmonise the legislation on the position, competences and activities of the central bank

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