CNB Board Meeting of 30 July 1998

At its meeting today, the CNB Board assessed the current monetary situation. The Board gave a favourable evaluation of the present inflation outlook which is directed at the achievement of the inflation targets set for this year and in the medium run. The Board decided to maintain interest rates at the existing level.

The Board approved the CNB's Inflation Report focused on economic development in Q2 1998. In accordance with the Schedule of CNB Data Publishing, the Report will

At the same time, the Board decided to change the Schedule of CNB Data Publishing with respect to the release of data on foreign exchange reserves. The status of foreign exchange reserves as of the end of each month will be published after 7 days, the monthly balance of CNB foreign exchange transactions, after 37 days. The status of foreign exchange reserves as of 30 June 1998 will be released tomorrow, i.e. 31 July 1998, at 10:00 a.m.

CNB - M. Švehla