All seven members of the Bank Board of the Czech National Bank will be attending the monetary policy meeting on 2 February 2023. Minister of Finance Zbyněk Stanjura will also be attending the CNB Bank Board meeting.
A new version of the CNB ARAD system was launched on 16 January 2023.
The CNB publishes the CNB Research News – 4/2022. This series covers an overview of latest articles in the area of economic and financial research.
This year’s first issue of Global Economic Outlook brings the regular overview of the latest and expected developments in selected territories. It opens with a foreword by Deputy Governor Eva Zamrazilová. The analytical section of this issue focuses on the potential effects of one of the most across-the-board and abrupt episodes of the tightening of global monetary conditions in history.
In 2022 Q4, banks indicated a decline in demand for housing loans and consumer credit for more than two-thirds of the banking market.
Differing views of individual board members are a natural and integral part of decision-making processes in central banks. This paper examines the different levels of dissent disclosure in 14 central banks and the advantages or disadvantages of different levels of transparency. In particular, it focuses on the experience of the Swedish Riksbank and the Czech National Bank, both of which publish so-called attributed minutes from monetary policy meetings. In our view, attributed minutes enable market participants to better understand the thinking of individual board members. At the same time the attributed minutes give board members more room to explain their views.