Small economies' central bankers must be ‘exceptionally smart to succeed', says CNB

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A presentation by the Czech National Bank's (CNB) executive director for financial stability has claimed central bankers in small and emerging economies must be "less orthodox, more flexible and exceptionally smart to succeed".

Jan Frait, addressing a meeting of central bank governors on the occasion of the 20th anniversary of the CNB and the Czech koruna, said the prevailing views on monetary policy-making reflect the experience of the US's Federal Reserve and other central banks in major

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