The Treaty on European Union requires the European Central Bank (ECB), assisted by the national central banks, to collect the statistical information necessary in order to undertake the tasks of the European System of Central Banks (ESCB). In this context, the ECB has assigned a prominent role to money, as signalled by the announcement of a quantitative reference value for the growth rate of a broad monetary aggregate, in the first pillar of its monetary policy strategy. This implies that statistical information on monetary developments is important for deciding what monetary policy actions to take, for assessing their effects after the event and for explaining these actions to the public. Monetary developments in the individual Member States forming the euro area are not the focus of interest for the ECB, but rather developments in the euro area as a whole. These requirements imply the collection of harmonised statistical information of a high and homogeneous quality.
When countries enter the European Union, the Treaty requires them to undertake the necessary statistical preparations in order to be able to contribute to the euro area statistics as soon as they join Monetary Union. In this context, the ECB is responsible for promoting the harmonisation of statistics where necessary. This harmonisation work takes into account the many differences in national financial systems, which should be accommodated by the harmonised statistical definitions and classifications.
- The reporting framework for the monetary and financial statistics of the European Central Bank (Source: ECB The single monetary policy in Stage Three)
Under the harmonisation process, the Czech Republic as one of the non-participating EU member states (non-euro), has undertaken to compile the following fully harmonised monetary financial statistics:
- Monetary financial institutions balance sheet statistics according to the Regulation No 2423/2001 of the European central bank concerning the consolidated balance sheet of the monetary financial institutions sector (ECB/2008/32);
- Compilation of the balance sheets (Source: ECB)
- Euro area monetary aggregates (Source: ECB)
- Interest rate statistics concerning on interest rates applied by monetary financial institutions to deposits and loans vis-a-vis households and non-financial corporations according to the Regulation No 25/20092 of the European central bank (ECB/2009/7);
- Statistics on the assets and liabilities of investment funds according to the Regulation No 290/2009 of the European central bank (ECB/2007/8).
