CNB communicates with the government - inflation target for 2000 and 1998

In December 1997, the CNB set a medium-term inflation target for 2000 and a short-term inflation target for 1998. This decision is in compliance with the government's public commitment of May 1997 to support the CNB anti-inflationary policy and the macroeconomic outlook of the Ministry of Finance of October 1997. It has been reviewed and supported by the Prime Minister and the Minister of Finance. The CNB has no intention of revising these targets.

The CNB communicates with the government in a standard way in compliance with a respective act which enables the participation of the CNB Governor in government sessions and the participation of an appointed Minister in CNB Board meetings. The government, thereby, has access to analyses and the opportunity to present its economic priorities. The CNB expects that both parties will continue to use these options.

CNB, Public Relations Division