Aleš Michl is tackling economic challenges much differently from his predecessors and his counterparts in other countries—with impressive results. Global Finance: You’re halfway through your six-year tenure as governor of the Czech National Bank (CNB), and inflation has plummeted from 17.5% to about 2.5% today. How did you achieve this? Aleš Michl:  We changed not only the strategy, but also the philosophy. The previous board had kept rates at zero for too long, doubled the money supply by

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