Česká národní banka


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INDEPENDENCE

Broad independence of the central bank is a key condition for successful implementation of monetary policy, i.e. for sustained non-inflationary growth of the economy, as well as for objective supervision of the financial market.

OPENNESS

A high degree of independence must go hand in hand with a high degree of accountability to the public for fulfilling our objectives. We inform the public regularly and openly about our objectives and their fulfilment and about our opinions, plans and predictions.

PROFESSIONALISM

Proficient and competent employees are vital if the CNB is to succeed in enhancing its reputation as a credible and open institution at home and on the international stage.

 

CNB > About the CNB > Mandate and objectives
of the Czech National Bank

Mandate and objectives of the Czech National Bank

  • to maintain price stability,
  • to oversee the stability of the financial system,
  • to ensure smooth circulation of money and smooth payments,
  • to support the balanced and smooth development of the Czech financial market.
 
  • Through monetary policy we seek to preserve price stability, i.e. low and stable inflation, and thereby maintain confidence in the value of money and the exchange rate of the Czech koruna.
  • By supervising the financial market, issuing prudential rules and conducting financial market operations we care for the stability and development of the financial system and protect its clients.
  • By managing the clearing system and issuing banknotes and coins we ensure smooth payments and cash flows.
  • We administer the foreign exchange reserves.