Czech National Bank restructures its Monetary Department and creates an International Organisations Unit from 1 February 2026

The Czech National Bank announced organisational changes to its Monetary Department, effective 1 February 2026, abolishing the External Economic Relations Division, reallocating its functions across existing divisions, and establishing a new International Organisations Unit that will report directly to the department’s management. Work on analysing and forecasting external developments will move to the Macroeconomic Forecasting Division to integrate external assessment more closely with domestic forecasting, while balance of payments analysis will shift to the Monetary Policy and Fiscal Analyses Division to align it with domestic economy and monetary developments used in policy decision-making. The new International Organisations Unit will sit at the intersection of analytical, coordination and representational work to support the CNB’s engagement with international institutions and partners; Luboš Komárek, previously Director of the External Economic Relations Division, left the CNB on 27 January 2026 after being elected to the Czech Fiscal Council. The Bank Board approved the reorganisation on 11 December 2025 and linked it to the implementation of recommendations from the CNB’s first-ever external review of its monetary policy framework, which is evaluating its analytical and modelling approach following recent economic turbulence.