Czech governor calls finance minister ‘incompetent’

Rusnok rejects finance minister’s criticisms of rate rise as general election draws near

Jiří Rusnok
Czech National Bank governor Jiří Rusnok

The governor of the Czech National Bank has publicly criticised the country’s finance minister over her comments on the central bank’s policy rate rise.

The dispute between the two senior policy-makers comes at a politically charged time, as the Czech Republic will hold a general election on October 8.

The central bank’s monetary policy committee voted by five to two to raise rates on September 30. The MPC said it had raised rates in response to Czech year-on-year inflation rising to 4.1% in

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