Zdenek Tuma

London calling for Czech governor Tuma?

The Czech government has nominated Zdenek Tuma, the governor of the Czech National Bank, to become the next president of the London-based European Bank for Reconstruction and Development (EBRD).

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 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…

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.

CNB's Tuma on the exchange rate forecast

In the speech 'The exchange rate forecast' given on 22 February Zdenek Tuma of the Czech National Bank said there is little doubt that the exchange rate plays a critical role in any attempt to forecast the business cycle in a small open economy.

BIS papers on financial globalisation

On 19-20 June 2006, the BIS held its fifth Annual Conference, on Financial Globalisation, in Brunnen, Switzerland. The BIS published Papers from the event on 28 December.

CNB's Tuma: Central bankers - a strategic overview

In the speech 'Central bankers - a strategic overview' given on 22 March, Zdenik Tma of the Czech National Bank said the main message we can learn from history is that price stability as the ultimate goal of monetary policy is not in contradiction with…

Interview with Czech National Bank's Zdenek Tuma

In excerpts from an interview from the February issue of Central Banking journal, published Monday February 9, the governor of the Czech National Bank discusses his concerns for the process and timing of joining the euro and outlines how he sees European…

Rusnok to be governor at WB, Tuma governor at IMF

CZECH REPUBLIC - The Czech cabinet on Apr 19 appointed new finance minister Jiri Rusnok to be Czech governor on the Board of Governors of the World Bank and Czech central bank governor Zdenek Tuma on the board of governors of the International Monetary…

Govt might question CNB governor's appointment

CZECH REPUBLIC - The Czech government could question the appointment of Zdenek Tuma as Czech National Bank governor by lodging a complaint with the Constitutional Court, Deputy Premier Pavel Rychetsky said on Apr 18.

Zdenek calls for state finance reform-paper

CZECH REPUBLIC - Czech public finance deficits could threaten the country's macroeconomic stability in two or three years if reforms are not taken, daily Hospodarske Noviny quoted the central bank Governor Zdenek Tuma as saying on Apr 13.

Inflation targeting improved-CNB Niedermayer

CZECH REPUBLIC - The effectiveness of the inflation targeting of the Czech National Bank CNB should be improved with the shift to targeting of overall inflation and setting a corridor for price movements up to 2005, CNB vice-governor Ludek Niedermayer…

CNB Bank Board leaves interest rates unchanged

The Czech National Bank (CNB) Board made no monetary decisions at its session on Feb. 8, 2001, Pavel Zubek of the CNB's PR department told reporters after the session. The Bank Board left rates unchanged at the last monetary session held two weeks ago as…

Czech cbank board vote unanimous on holding rates

The Czech central bank board voted unanimously to keep its main interest rates unchanged at its monetary policy meeting on Jan. 25, 2001, after considering a move in the discount and Lombard lending rates. Minutes from the meeting, which showed a…

Havel challenges new central bank law in court

Czech President Vaclav Havel called on the country's top court on Dec 22 to strike down several key passages in a new legislation on the central bank (CNB), saying they violated the constitution.