PRAGUE (Reuters). -The Czech National Bank may be required to raise interest rates higher than it currently suggests if a dovish board is established, Tomas Holub, a member of the board said.

The seven-seat board will be filled with three new members before the end of June. This could lead to some support for Ales Michl’s dovish approach, who takes over the reins in July.

Holub stated in an interview with the Lidove Noviny newspaper that “an appointment of doves, and their majority on the board, could paradoxically force a greater increase in rates than would correspond to our course so far.”

As it seeks to control rising inflation caused by strong domestic demand and high energy prices, the Czech central bank raised its two-week repo rate by 525 basis points to 5.755%.

The market’s view could be that doves won’t fight for price stability or raise interest rates and the change will result in the crown becoming a less transparent and safer currency. Holub suggested that the currency could begin weakening.

A strong crown is expected to lower some import inflation. Therefore, any weakness could lead to more significant interest rate hikes to support the currency.

President Milos Zeman holds the sole power to appoint board members of central banks. He chose Michl last month to be central bank’s leader starting in July. Michl is a member who opposes tightening policies. Michl stated that he will propose rates stability when he is elected governor.