Bank Board meeting – Situation report on monetary and economic developments

6th report

Announcement of the monetary policy decision: 2:30 p.m.

Press conference: 3:45 p.m.

The Bank Board meets to discuss monetary issues eight times a year and, in exceptional cases, it may also take decisions on monetary issues at extraordinary meetings. Until the end of 2007, the Bank Board met to discuss monetary issues once a month. The monetary policy meeting is followed by a press conference. At the press conference, the CNB releases a brief digest of the information which the Bank Board based its discussion on, a list of the risks pertaining to the current forecast according to the Bank Board members, and the Bank Board’s decisions regarding the interest rate settings, including the ratio of the votes cast. The statement of the Bank Board and presentation are published at the press conference. The audio recordings and videos from the press conferences are available on the CNB website about one hour after the press conference. The minutes of the meeting, reflecting the Bank Board members’ discussion, are usually published 8 days later. Until April 2005, they were published 12 days later. Detailed transcripts of the monetary Bank Board meetings and the inputs for the Bank Board’s decisions on monetary issues (the Situation Report on Economic and Monetary Developments and the Monetary Policy Recommendation) are published six years later (available in Czech version only).