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Free AccessPresident to Announce CB Board Picks Tomorrow
Reuters cites Czech state TV as saying that the President will appoint new central bank board members on Wednesday.
Worth recalling the President has the final call on who replaces these seats on the board - Zeman needs to appoint three policymakers to the board:
- The seat cleared by Michl's promotion to governor
- Vice Governor Nidetzky
- Board member Benda
Note that both Benda and Nidetzky can be reappointed to the board. Both Benda and Nidetzky were among the policymakers opting for tightening throughout this cycle - taking the opposing side of the incoming governor Michl.
They are both eligible for re-nomination for a second term, but the President could theoretically select three more dovish policy makers to tilt the balance of the board away from further tightening.
To read the full story
Sign up now for free trial access to this content.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.