Czech president appoints policy dove as governor


Aleš Michl, a dovish member of the Czech National Bank’s board, was named as the next governor on May 11 by the country’s president Miloš Zeman.

Michl will serve a six-year term, succeeding Jiří Rusnok on July 1. Rusnok was not eligible for a second term as governor, because he had already been appointed twice to the central bank  board.

The new governor has been one of two opponents on the CNB board of its current programme of raising interest rates to stamp down rising inflation. Since June

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