The session was headed by the governor of the central bank, Zeljko Rohatinski.
Among the economic trends, the most important was an accelerated GDP growth in the year's second quarter, which indicates that the annual result will be better than estimated, the HNB said in a press release. The growth was significantly affected by an investment revival and the net exports of goods and services in the year's second quarter.
The growth of prices was above expectations and it is estimated that the annual inflation rate could revolve around 3.7 per cent. The launching of European Union entry negotiations on October 4 was followed by appreciation pressure, but the exchange rate was stabilised after only one central bank intervention on the foreign currency market.
According to estimates, the external debt at the end of the year could account for 83 per cent of GDP, up one per cent from the end of 2004.
The latest figures indicate that banks' foreign indebtedness is slowing down, while that of other sectors continues to grow.
The HNB Council concluded that major changes in the monetary policy were not expected by the end of the year.