Statement issued by CNB Governor Aleš Michl upon taking up his duties

Aleš Michl, CNB Governor
Prague, 1 July 2022

(1) With full responsibility, I pledge to pursue the Czech National Bank’s two primary objectives – price stability and financial stability. 

(2) The priority will be to reduce inflation. We will continue to pursue price stability, that is to maintain low and stable inflation, by targeting inflation.

(3) We will supervise the financial market and conduct macroprudential policy in order to maintain financial stability and the resilience of the banking system. 

(4) We will continue to coordinate monetary and macroprudential policy so as to maintain confidence in the value of the Czech koruna and preserve the stability of the macroeconomic environment.

(5) We will hold a dialogue with the Government of the Czech Republic regarding wider economic policy desirable for creating a sound macroeconomic environment.