Czech Republic
Kazakhstan establishes crypto portfolio in reserves
Central bank says it could spend “up to” $300m from gold and FX income
Central Europe’s central banks hold rates
Switzerland, Czech Republic and Hungary keep policy steady
Central banks purchasing less gold, says WGC
July figures show a slowdown in net purchases of the precious metal
Czech Republic holds rates again and upgrades growth outlook
CNB says economy running hot on all fronts warrants restrictiveness in monetary stance
Czech National Bank adds crypto exchange stocks to portfolio
Purchase of Coinbase shares takes bank’s equity holdings to $12.8 billion, SEC filing reveals
Czech central bank holds rates in unanimous decision
CNB takes wait-and-see approach despite strong economic growth
People: April to June 2025
A round-up of central bankers in the news and on the move during the past three months
Czech National Bank reduces rates by 25 basis points
CNB makes “very cautious” move amid domestic economic recovery and international uncertainty
EU policy-makers lash out at Trump’s trade policy
Central banks say tariffs will create “many losers” in both Europe and the US
Central Banking Awards 2025: final winners announced
Last group of awards includes governor of the year and lifetime achievement
People: BNM appoints deputy and assistant governors
CNB makes appointments in internal audit and economic modelling divisions
Bitcoin remarks ‘a surprise to CNB staff’ – source
Concern that planned asset allocation review is just “cover-up to push through crypto”
CNB cuts rates by 25bp as it revises growth forecast
Bank points to sticky service and food inflation, reduced demand for exports
CNB study highlights AI’s limits as inflation forecasting tool
Bank says tech can help analysts, but is not yet capable of replacing traditional predictive models
Branching paths: the Czech National Bank’s many modelling options
Three external reviews each recommended a different combination of models. The CNB now faces tough design choices, and must also decide how to upgrade its economic research
CNB takes next step towards adopting bitcoin
Board approves governor’s proposal to look at “additional asset classes”, which could include crypto
CNB ‘considered’ adding bitcoin to reserves – governor
Governor says central bank could “continue to debate” using cryptocurrency in diversification drive
CNB’s Aleš Michl on tackling inflation, Friedman’s legacy and ditching DSGE
The Czech governor speaks about policy mistakes, targeting M2, diversifying into equities and gold, building new models and ending interest payments on minimum reserves
CNB to set up new research and statistics department
Central bank says restructuring will boost its ability to “analyse and model economic trends”
People: New faces on IMF exec board
Plus, appointments at Deutsche Bundesbank and Czech central bank
Europe’s central banks diverge on monetary policy
Norway holds, while Albania, Czech Republic and Sweden proceed with cuts