Aleš Michl: The target

“Annual inflation reached 2% in February and March this year, which is exactly our target. The last time inflation was at the target was five years ago, in December 2018. We have restored price stability, our statutory mandate. When I was appointed governor, I said we would deliver low inflation within two years, and we have. The word of the head of an institution must be credible and must be kept,” said Governor Aleš Michl in his speech at the start of the CNB Discussion Forum in Pardubice.