CNB Board decisions on financial stability

The Bank Board usually discusses financial stability issues twice a year (in May and late November or early December) and, in exceptional cases, at extraordinary meetings. These meetings include the Bank Board’s decision on setting macroprudential policy tools. The Bank Board’s decision on financial stability issues is published and a press conference is given straight after the meeting. 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 discussions by 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).

In addition to the meetings on financial stability issues, a further two meetings are held (in Q1 and Q3) at which the Bank Board makes its decision on setting the countercyclical capital buffer rate. The decision is published on the day of the meeting on the setting of this buffer and the relevant Provision of a general nature on setting the countercyclical capital buffer rate is published the following day.