The Czech National Bank (CNB) has proposed a regulation of required reserves. As a measure of monetary economic policy, the CNB may influence the economic growth adjusting the required reserves. The proposal contains formal implementation of the measure into the legal framework. Therefore, the proposal stipulates persons that are obliged to keep required reserves, the amount of the reserves, and the mechanisms of the required reserve counting. The regulation should also enable the CNB to further regulate the amount of reserves (i.e. further adjusting of the reserves).
The CNB proposes the regulation to enforce its impartiality and independence within the political system. Nevertheless, the CNB has put the proposal in the internal commentary procedure. The CNB welcomes any comments till 4 April.
For further information, click here (explanatory report).