President re-appoints two members of central bank board

President Václav Klaus on Friday re-appointed Mojmír Hampl and Vladimír Tomšík members of the board of the Czech National Bank. Their second six-year term will begin on December 1; they now serve as deputy-governors of the bank and will retain their positions. President Klaus said the bank could do more to boost the growth of the Czech economy; Vladimír Tomšík however noted the central bank’s main responsibility was to maintain the stability of the Czech currency and the inflation rate was close to the bank’s target. The Czech crown strengthened slightly upon the news.

Author: Jan Richter