Czech Republic
Czech president approves potential replacements
Vaclav Klaus, the president of the Czech Republic, has said that two names suggested in the media as potential replacements for outgoing central bank deputy, Ludek Niedermayer, would be suitable candidates.
Czech deputy Niedermayer says economy set to slow
The pace of economic expansion in the Czech Republic will decline in 2008, Ludek Niedermayer, a deputy governor at the Czech National Bank, warned on Wednesday.
Czech governor misquoted on currency comments
Comments attributed to Zdenik Tuma, the governor of the Czech National Bank, which led to exchange rate fluctuations, have misquoted him, the Czech National Bank has said.
Czechs hike rates to 3.5%
The Czech National Bank's rate-setting board voted on Thursday to hike rates by 25 basis points to 3.5% after inflation rose to a six-year high in October.
Koruna's rise presents mixed blessing
Ludek Niedermayer, a vice governor of the Czech National Bank, parried calls for the central bank to act on the appreciation of the koruna and said that the increase in the currency's value made euro accession more favourable.
Koruna's rise unsustainable - Czech's Tuma
Zdenek Tuma, the governor of the Czech National Bank, has described the koruna's appreciation against the euro and dollar as unsustainable.
Czech National Bank - Annual Report 2006
The Czech economy grew by more than 6% in 2006 as aggregate demand superseded foreign trade as the main driver of economic growth.
Czech inflation hits six-year high
Czech annual inflation rose to 4% in October - the highest rate in almost six years - figures published on Friday reveal.
Czech koruna may gain more than predicted
The koruna should appreciate by more than previously predicted, according to minutes from the 25 October board meeting of the Czech National Bank.
Czechs hold rates at 3.25%
The Czech National Bank decided on Thursday to keep its benchmark two-week repo rate at 3.25%.
Czech Republic breaks free of EBRD support
The Czech Republic has become the first country to opt out of funding from the European Bank for Reconstruction and Development (EBRD), the development bank set up to invest in the central and eastern European transition economies.
Poland set to join ERM II in 2009, says Skrzypek
Slawomir Skrzypek, the governor of the National Bank of Poland, said the country looked likely to join the pre-euro exchange rate mechanism, ERM II, in 2009.
World Bank to invest $5 billion in bonds for poor
The World Bank will set up a $5 billion fund to invest in bonds denominated in currencies of poor nations.
Czech CB appoints financial stability deputy
Jan Frait has joined the Czech National Bank as deputy executive director of the financial stability and economic research department at the central bank.
Czech central bank holds rates
The Czech National Bank decided on Thursday to keep its benchmark interest rate at 3.25%.
Close call on Czech rate decision
The Czech National Bank's monetary policy board voted 4-3 in favour of a quarter-point rate hike on Thursday. The increase raises the benchmark two-week repo rate to 3.25%.
Russia wants Czech governor Tosovsky to head IMF
Russia has nominated Josef Tosovsky, the former head of the Czech National Bank and the current chair of the Bank for International Settlements' Financial Stability Institute, to take over from Rodrigo Rato at the International Monetary Fund (IMF).
Czech deputy sees "significant" rate rise
The Czech central bank should raise rates "significantly" to keep inflation on target, says Ludek Niedermayer, the Czech central bank's deputy governor.
Czech central bank predicts further rate hikes
The Czech National Bank will increase interest rates if its macroeconomic forecast is correct, minutes of latest policy meeting, released on Friday 3 August, revealed.
Czech National Bank raises rates
As widely expected the Czech National Bank (CNB) today raised its main interest rate by 25 basis points to 3% in an ongoing rate tightening cycle.
Czech rates on hold, hikes to follow
The Czech central bank voted 4-1 to keep interest rates on hold at 2.75% on 28 June during its monthly policy meeting. Central bank chief Zdenek Tuma said there was every reason to increase borrowing costs, but that it had not been vital that the central…
Governor's deciding vote sees Czech rates up
The Czech Central Bank raised interest rates by a quarter of a percentage point to 2.75% on 31 May. The central bank's board was split, with three members voting for the hike and three for leaving rates unchanged. It then fell to governor, Zdenik Tma, to…
Why Czechs must put Euro on the back-burner
In an interview with the Financial Times, published Tuesday 3 April, the Czech central bank governor warned public finances need to be brought under control if the country wants to join the euro.
Public finances 'an obstacle' to Czech euro bid
The current state of the Czech Republic's finances is an obstacle to the country switching to the euro, a top official at the Czech central bank (CNB) said in an interview published Friday 2 March.