Czechs set fixed time for policy announcements


The Czech National Bank (CNB) said on Wednesday that its bank board would announce all its monetary policy decisions at the fixed time of 1 p.m. local time on the day of the meeting starting from next year. Press conferences on the announced decision will be scheduled for 2.30 p.m. CET on the same day.

Marek Petruš, a spokesman for the CNB, told that the new system would introduce greater clarity to monetary policy. "In the past, the random nature of the timing of our announce

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