By Governor of the Czech National Bank Miroslav Singer has won the Central Banker of the Year in Europe award for 2014. He received the award from the renowned monthly The Banker published by the Financial Times Group. The judges praised the Governor for the foreign exchange market interventions in November, which led to a weakening of the koruna with the aim to maintain price stability and facilitate economic recovery in the Czech Republic. According to the editorial board of the magazine, the award expresses the confidence of foreign financial markets in the Czech National Bank and its conduct of monetary policy.
"I am pleased to receive the award from The Banker, part of the prestigious Financial Times Group, above all because it represents acknowledgement of the work of my colleagues in the Bank Board and all the experts at the Czech National Bank. I am aware that such awards tend to reflect how our decisions are seen by the professional public and the relevant media rather than being a final evaluation of those decisions, which can only be made by history. However, this is confirmation that in the context of our current knowledge of the theory and practice of monetary policy, the steps we are taking are seen by the broad professional public as an appropriate and effective response to the current situation of the Czech economy," said CNB Governor Miroslav Singer.
The Banker is a renowned monthly which has published information from the world's banking and financial sector since 1926 and is part of the same publishing house as the prestigious economic daily The Financial Times.
The Banker awarded the 2014 prize to the CNB Governor at the decision of the magazine's editorial board based on the opinions of a panel of experts. The panel consisted of selected economists and bankers, who, according to the editorial board, praised the Governor's efforts to ease monetary policy through foreign exchange market interventions and his leading voice among Central European countries in the discussions on achieving financial stability in the European Union.
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