IMF concerns over Czech National Bank independence

In its yearly Article 4 review of the Czech Republic, the International Monetary Fund board repeated its concerns about proposed amendments to the law governing the CNB, saying they could threaten the institution's independence. The Czech Senate struck a law down on August 4 that would change the way the CNB governing board members are chosen, and forced the bank to confer with the government in policy matters. The Czech Lower House, however, is expected to overrule the veto.

In the review, Fund

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