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Luděk Niedermayer Vice GovernorCzech National Bank
Luděk Niedermayer has been a Vice Governor of the Czech National Bank in December, 2000. He graduated in operational research and systems theory from UJEP Brno (now Masaryk University) in 1989 and worked there for a short time researching the theory of structures. In 1991 he joined the State Bank of Czechoslovakia. In January 1996 he became Executive Director of the Czech National Bank, responsible for foreign exchange reserves administration and money market operations.
He has undertaken numerous study programmes and internships, particularly in the areas of the capital market, derivatives trading and risk management. He has contributed to analyses of the CNB's monetary policy scheme and to the change in its monetary policy implementation method (in particular the switch to inflation targeting). He participates in the activities of IMF and IBRD working groups on the administration and macroeconomic significance of foreign exchange reserves.
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