Czech Central Bank Nominee Singer Sees No Need for Major Change

Miroslav Singer, a University of Pittsburgh-trained economist, was named the next governor of the Czech central bank today. He said there’s no need for major monetary policy changes when he takes office July 1.

The 42-year-old Singer, who has been deputy governor since 2005, was appointed by President Vaclav Klaus during a ceremony today in Prague. He will be the third head of the central bank since the fall of communism in 1989 and replaces Zdenek Tuma, who will step down at the end of the month.