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Czechs Overhaul One of Europe’s Most Hawkish Central Banks

  • President ousts two board members after criticizing hikes
  • New rate setters pledge to take broader view on inflation
Czech National Bank in Prague.

Czech National Bank in Prague.

Photographer: Milan Jaros/Bloomberg
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A sweeping overhaul of the Czech central bank’s rate-setting board signals a more cautious approach after an aggressive drive to combat the fastest inflation in nearly 30 years.