Aleš Michl
Photo: Česká národní banka, CC BY-SA 2.0, via Wikimedia Commons11

Aleš Michl

Governor of the Czech National Bank

Aleš Michl (born 18 October 1977) is a Czech economist and the fifth Governor of the Czech National Bank.2

From Wikipedia’s article on Aleš Michl (this version), CC BY-SA 4.0.

Born Oct 18, 1977.1

About

He has been a member of the Czech National Bank's Board since 1 December 2018, and was appointed Governor by the President of the Czech Republic, effective from 1 July 2022, for a six-year term.

Michl is a former commercial bank investment strategist and co-founder of an algorithmic asset-management fund. He is the author of academic and popular articles and books on economics and the popularisation of mathematics. He holds a PhD in finance.

In January 2025, he received an award from The Banker magazine in the category of best governor of the year in Europe and in March 2025 he was awarded Governor of the Year at the Central Banking Awards 2025.

From Wikipedia’s article on Aleš Michl, shared under CC BY-SA 4.0.2

Companies

Early life and education

  • Date not recordedPrague University of Economics and Business3

Michl earned his Ph.D. in finance from the Prague University of Economics and Business (VŠE) in 2020, having graduated with a master's degree from the same institution in 2002.

Michl is an admirer of Alois Rašín, a key figure in the establishment of Czechoslovakia's economic policy and independent currency, and the first Czechoslovak Minister of Finance. He considers himself a monetarist and is an admirer of Milton Friedman's work.

Academic research

Instant Payments in Czechia: Adoption and Future Trends, Ivan Trubelík, Tomáš Karhánek, Simona Malovaná, Aleš Michl

The Rushin Index: A Weekly Indicator of Czech Economic Activity, Tomáš Adam, Ondřej Michálek, Aleš Michl, Eva Slezáková

Balancing Volatility and Returns in the Czech National Bank's Foreign Exchange Portfolio, Tomáš Adam, Aleš Michl, Michal Škoda

Money and Inflation: Lost Cointegration, Aleš Michl

Ten Years Later: Lessons for DSGE Builders and Czech Policy Makers, Aleš Michl

New Euro Convergence Criteria, Aleš Michl

From Wikipedia’s article on Aleš Michl (this version), CC BY-SA 4.0.

Career

Occupation: economist, politician.6

  • Since 2022Governor of the Czech National Bank4
  • Since 2022Chair, Czech National Bank5
  • Since 2018Member of the Bank Board of the Czech National Bank4

Michl worked as an economic and investment strategist at Raiffeisenbank from 2006 to 2015. He co-founded an algorithmic asset-management fund specialising in US stocks and the Czech money market. He later sold his share in the fund and ceased all investment activities due to his position at the Czech National Bank. Additionally, from 2014 to 2018, he served as an external economic advisor to the Czech Ministry of Finance, focusing on macroeconomic analysis and government debt stabilisation. He has been a member of the Czech National Bank's Board since 1 December 2018.

From Wikipedia’s article on Aleš Michl (this version), CC BY-SA 4.0.

Personal life

  • BornOct 18, 1977, Prague7
  • CitizenshipCzechoslovakia, Czech Republic8