Czech Republic
People: Nigeria reappoints deputy governors
Czech National Bank names new deputy; New York Fed appoints chief operating officer; and more
Armenia’s Galstyan calls for a new framework to tackle uncertainty and nonlinearities
Favours risk-management approach to policy and less emphasis on baseline forecasts that give false assurances
Social media: an essential tool for central bank communication
Strategies to secure popularity, comprehensibility and reputation as new media takes centre stage
Geostrategic risks now a major factor – CNB reserves head
Ondrej Strádal supports using CBR assets for reparations, is reassessing RMB and expects US recession
Czech central bank halts tightening
Many had expected new governor and board to take dovish turn
Czech central bank raises rates after inflation hits 16%
Expectations could become unanchored from 2% inflation target, board warns
Czech president names three new rate-setters
Some observers say appointment may create dovish majority on board
Czech president appoints policy dove as governor
Koruna falls as rate-hike opponent and former Babiš adviser prepares to lead CNB
Czech board raises rates in split vote
Central bank increases inflation forecast and awaits new governor appointment
Transparency: Czech National Bank
New monetary policy report, and publication of attributed minutes and economic model raise the bar
Czech central bank hikes rate and forecasts steeper inflation
CNB board says inflation should peak at mid-year but warns of de-anchoring risk
Czech policy rate continues ascent
Divided central bank board orders 100bp hike, the fifth consecutive increase
Czech National Bank makes 125bp hike
Central bank promises aggressive action to resist “exceptionally strong price pressures”
Czech governor calls finance minister ‘incompetent’
Rusnok rejects finance minister’s criticisms of rate rise as general election draws near
Czech central bank raises rates despite government pressure
Board votes to increase repo rate 75bp as inflation rises above 4% for first time since 2008
CNB continues tightening cycle with 25bp hike
Board opts for additional hike as forecasts point to short-term inflation surge
Czech central bank raises rates by majority vote
Divided board raises rates as inflation nears top of target band
Central bank profits under pressure
The structure of a central bank’s portfolio and its relationship with shareholders can affect shock-absorbing capital and the amount of profit distributed
Czech governor rebuffs PM over government dividend
Rusnok publicly tells prime minister that profits must be used to rebuild CNB’s buffers
High income countries report greater numbers of licensed fintech firms
Some jurisdictions host many licensed fintech firms but others have none
People: T&T governor has term extended
Hilaire will stay at T&T central bank until 2023; Sri Lanka promotes two assistant governors to deputy posts; Australia appoints new assistant governor; CNB official joins Esma board
The eurozone’s eastern conundrum
Bulgaria and Croatia expect net positive effect as they move to join euro, while others remain reluctant
Central banks cannot fight a populist Tweet storm – panel
Populist leaders such as Donald Trump comfortably outgun central banks on social media
CNB raises countercyclical buffers as risks build
The central bank stress-tests not only the financial sector but also households and the government