ZAGREB, April 24 (Hina) - The Croatian National Bank (HNB) will thisyear pursue a moderately restrictive policy in the monetary sector,and try retain a low inflation rate between 2.5 to three percent, aswell as continue stabilising
the share of the foreign debt in theGross Domestic Product (GDP) with its gradual reduction, HNB ViceGovernor Adolf Matejka said last week during a symposium on theCroatian money market.
ZAGREB, April 24 (Hina) - The Croatian National Bank (HNB) will
this year pursue a moderately restrictive policy in the monetary sector, and
try retain a low inflation rate between 2.5 to three percent, as well as
continue stabilising the share of the foreign debt in the Gross Domestic
Product (GDP) with its gradual reduction, HNB Vice Governor Adolf Matejka said
last week during a symposium on the Croatian money market. The
two-day conference, held in the coastal resort of Opatija, pooled about 100
experts and representatives of financial institutions. The event was organised
by the Money Market Zagreb and the Zagreb-based Faculty of the Economy
Matejka said that the central bank would continue with a policy of a
moderate growth in central bank money, money supply and bank credits, a stable
currency rate and a policy of interventions in the foreign currency markets.
The central bank money is expected to rise at a 6.4-percent rate, money
supply at a 9.9-percent rate, and bank credits in non-financial sector by 13
percent just as in 2004.
The issuance of treasury bills and bonds and the development of the
money market should help direct Croatia's debt from foreign markets to the
national market, according to Matejka.