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Czech Republic

Czech govt recognises Tuma as c.bank head-for now

The Czech government agreed on Monday to recognise last week's appointment of Zdenek Tuma as the country's central bank governor for the time being, easing tensions over the naming by President Vaclav Havel last week.

Lawyers dispute over PM's decision on new CNB head

The possibility that the appointment of the new Cezch central bank governor must be blessed by the prime minister has given rise to disputes among experts, who are not able to reach agreement on whether the counter-signature of a cabinet member is…

CNB dispute may damage central bank's independence

The Czech government on Wednesday refused to approve the president's appointment of Zdenek Tuma as governor of the Czech National Bank, escalating a dispute that could damage the stability and independence of the central bank, The Financial Times writes…

New Czech central bank head faces political row

Czech President Vaclav Havel chose Zdenek Tuma as the country's new central bank governor on Friday, setting up a showdown between Tuma and the government over future interest rate policy.

Zdenek Tuma likely to become new CNB chief

Zdenek Tuma will become the head of the Czech National Bank, according to information published in today's daily press, replacing Josef Tosovsky who moves to the BIS Financial Stability Institute as of December 1.

Tosovsky at the Financial Stability Institute

Josef Tosovsky, Governor of the Czech National Bank, has announced that he is leaving the central bank to head the Financial Stability Institute at the Bank for International Setlements.

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