Jozef Makúch (born 26 August 1953 in Podhájska,

Czechoslovakia , rue, Чеськословеньско, , yi, טשעכאסלאוואקיי, , common_name = Czechoslovakia , life_span = 1918–19391945–1992 , p1 = Austria-Hungary , image_p1 ...

) was the Governor of

National Bank of Slovakia National Bank of Slovakia ( sk, Národná banka Slovenska, NBS), is the central bank of Slovakia, a member state of the European Union since 2004 and of the euro area since 2009. It was formed on from the division of the State Bank of Czechos ...

since January 2010 to June 2019. Makúch quit ahead of the end of his second mandate in January 2021, citing concerns about central bank independence he deemed threatened by the "political wrangling" he expected to follow the

2020 Slovak parliamentary election Parliamentary elections were held in Slovakia on 29 February 2020 to elect all 150 members of the National Council. The anti-corruption list led by Ordinary People and Independent Personalities (OĽaNO) movement emerged as the largest parliam ...

Career

Makúch studied at the

University of Economics in Bratislava The University of Economics in Bratislava ( sk, Ekonomická univerzita v Bratislave) is the oldest university of economics in Slovakia. History The university was established in 1940 as a private university under the name Vysoká obchodná škol ...

, graduating in 1976 in Economics. In 1985 he completed his postgraduate studies. Makúch worked at the

's predecessor Czechoslovak State Bank since 1989. Upon independence of Slovakia he became a member of the newly founded Central Bank's Governing Board. In 2000 he left the

to lead the Financial Markets Authority. He rejoined the bank again in 2006 when the institution was merged with the Central Bank and again became a Board Member. He was named Bank's governor in 2010 by the

President of Slovakia The president of the Slovak Republic ( sk, Prezident Slovenskej republiky) is the head of state of Slovakia and the commander-in-chief of the Armed Forces. The president is directly elected by the people for five years, and can be elected for ...

NBS Governor

Makúch was an

ex-officio An ''ex officio'' member is a member of a body (notably a board, committee, council) who is part of it by virtue of holding another office. The term '' ex officio'' is Latin, meaning literally 'from the office', and the sense intended is 'by right ...

member of the Governing Council of the European Central Bank, of the General Board of the

European Systemic Risk Board The European Systemic Risk Board () is a group established on 16 December 2010 in response to the ongoing financial crisis. It is tasked with the macro-prudential oversight of the financial system within the European Union in order to contrib ...

, a Governor of the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster glo ...

and an Alternate Governor of the European Bank for Reconstruction and Development.

References

1953 births Governors of the National Bank of Slovakia Living people People from Nové Zámky District University of Economics in Bratislava alumni {{Europe-business-bio-stub