Jiří Rusnok (55) is to be the new Governor of the Czech National Bank. President Miloš Zeman appointed him for a term of six years starting on 1 July 2016 at a ceremony at Prague Castle on 25 May. Mr Rusnok is currently a member of the CNB Bank Board.
The CNB sees to price and financial stability and the sound operation of the financial system in the Czech Republic, issues banknotes and coins, manages the circulation of currency and interbank settlements, and supervises entities operating on the financial market.
The Bank Board has seven members. Besides Miroslav Singer and Jiří Rusnok, the current line-up includes Vice-Governors Mojmír Hampl and Vladimír Tomšík, and members Kamil Janáček, Lubomír Lízal and Pavel Řežábek. Kamil Janáček’s mandate will also end on 30 June 2016. Vojtěch Benda and Tomáš Nidetzký have already been appointed as new Bank Board members with effect from 1 July 2016.
Bank Board members are appointed for a term of six years and are not allowed to hold the position of member of the Bank Board more than twice.
Read more in English and Czech. Radio Zet quoted Helena Horská, Chief Economist at Raiffeisen Bank, that although the new governor opposes fixed exchange rate, he won't be in favor of sudden, radical monetary policy changes.More details on Radio Praha (in English).
5th March 2019