CNB Board decisions on financial stability
The Bank Board discusses financial stability issues twice a year and, in exceptional cases, it may also hold extraordinary meetings. In addition, a further two meetings are held at which it makes its decision on setting the countercyclical capital buffer rate. The Bank Board’s decision on setting the relevant macroprudential policy tools is published straight after the meeting. A press conference is given after the meetings on financial stability issues, which are usually held in May and in late November or early December. During the press conference, the reasons for the Bank Board’s decision are explained, and a detailed description of the parameters of this decision is given. The press conference presentation is then published on the CNB website. The CNB also publishes audio and video recordings of the press conference on its website about an hour after it has ended. The minutes of the meeting on financial stability reflecting the discussion of Bank Board members are usually published two weeks later. They are published together with the Financial Stability Report (in June) and “Risks to financial stability and their indicators” (in December). The “Provision of a general nature on setting the countercyclical capital buffer rate” is published in the case of meetings on the setting of the countercyclical capital buffer rate. Decisions on macroprudential tools and the related underlying documents have been published in this way since 2019.