Eva Zamrazilová: The role of heterogeneity of companies in monetary policy in the Czech Republic
At the Emerging Market Deputy Governors’ Meeting at the Bank for International Settlements (BIS) in Basel, CNB Deputy Governor Eva Zamrazilová spoke about how the high share of (mostly large) foreign controlled companies affects the transmission of Czech monetary policy to the economy. In this context, she also explained why the CNB Bank Board used the exchange rate channel in addition to higher interest rates to return inflation to the target at a time of elevated price growth.