{"id":7525,"date":"2023-08-21T11:52:33","date_gmt":"2023-08-21T11:52:33","guid":{"rendered":"https:\/\/axevera.com\/2023\/08\/21\/the-latest-news-about-the-cnb\/"},"modified":"2025-07-01T10:07:54","modified_gmt":"2025-07-01T10:07:54","slug":"the-latest-news-about-the-cnb","status":"publish","type":"post","link":"https:\/\/axevera.com\/en\/2023\/08\/21\/the-latest-news-about-the-cnb\/","title":{"rendered":"The latest news about the CNB"},"content":{"rendered":"<h6><strong>Starting from the second half of the year, the CNB (Czech National Bank) may change its monetary policy<\/strong><\/h6>\n<p>Important structural changes will affect the CNB: in particular, as of 1 July, the institute will be led by economist Ale\u0161 Michl, who has openly spoken out against the interest rate hikes adopted in recent months. There is a strong desire, therefore, for a concrete stabilisation of interest rates, declaring that: &#8220;We will evaluate the effects of the current monetary policy and other signals from the economy and after a period we will decide how to proceed&#8221;. This statement was greeted with fervour by the business community. The rise in interest rates to 5.75 % was too rapid, posing a possible risk to the economy.<\/p>\n<p>In other words, the government majority expressed criticism and doubts about the <em>modus operandi<\/em> undertaken. However, the recent appointment of the new governor will not be enough to change the direction taken by the Czech Central Bank. Three out of five board members showed solid support for restrictive monetary policy. In fact, the vote of the new governor, Ale\u0161 Michl, will carry the same weight as that of an ordinary advisor.<br \/>\nAnother noteworthy change relates to intervention in the exchange rate of the Czech koruna. The aim is to prevent a sharp weakening of the Czech koruna against the dollar and the euro. The Czech Central Bank states that it can rely on its significant foreign exchange reserves, but &#8216;The CNB will not provide more detailed information on market operations&#8217;. Following the appointment of the new CNB governor, the koruna&#8217;s exchange rate recorded an important reflection last week, falling below the threshold of 25 Czech koruna per euro.<br \/>\nIn conclusion, experts say that international markets have shown great uncertainty regarding monetary policy in the Czech Republic.<\/p>\n<p>Source:\u00a0<a href=\"http:\/\/www.camic.cz\">http:\/\/www.camic.cz<\/a><br \/>\nSources of images: <a href=\"http:\/\/www.storyset.com\">http:\/\/www.storyset.com<\/a>;\u00a0<a href=\"http:\/\/www.pixabay.com\">http:\/\/www.pixabay.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Starting from the second half of the year, the CNB (Czech National Bank) may change its monetary policy Important structural changes will affect the CNB: in particular, as of 1&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[525,26],"tags":[],"yst_prominent_words":[],"class_list":{"0":"post-7525","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-en","7":"category-news"},"_links":{"self":[{"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/posts\/7525","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/comments?post=7525"}],"version-history":[{"count":1,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/posts\/7525\/revisions"}],"predecessor-version":[{"id":14870,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/posts\/7525\/revisions\/14870"}],"wp:attachment":[{"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/media?parent=7525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/categories?post=7525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/tags?post=7525"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/axevera.com\/en\/wp-json\/wp\/v2\/yst_prominent_words?post=7525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}