February 5, 2014 / 1:30 PM / in 4 years

Czech president appoints former PM Rusnok to central bank board

PRAGUE, Feb 5 (Reuters) - Czech President Milos Zeman appointed former Prime Minister Jiri Rusnok to the central bank on Wednesday, tapping an ally who supports moving the country closer to adopting the euro.

Rusnok, a 53-year-old economist and leader of a caretaker government until last month, has also backed the central bank’s policy of weakening the crown currency to fight deflation risks and help an economy recovering from a record-long recession.

He will join the seven-member board from March 1, replacing Eva Zamrazilova, who had expressed caution over launching the interventions.

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