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IF PRICES CONTINUE TO RISE, HNB WILL TAKE ADEQUATE MEASURES

ZAGREB, Oct 11 (Hina) - The Croatian National Bank (HNB) on Wednesday issued a statement saying it would take appropriate measures without reluctance should prices continue to rise at the September rate.
ZAGREB, Oct 11 (Hina) - The Croatian National Bank (HNB) on Wednesday issued a statement saying it would take appropriate measures without reluctance should prices continue to rise at the September rate. #L# The HNB Council, which today held a session under the chairmanship of HNB Governor Zeljko Rohatinski, discussed the latest economic and monetary movements and adopted a monetary projection for this year's last trimester, the HNB reported. The Council analysed in detail price growth indicators for September and concluded that, should such a movement of prices continue, the central bank would have to, without reluctance, take certain measures of monetary policy. According to data provided by the State Bureau of Statistics, retail prices in September rose by 1.2 percent against August. Retail prices in September were 6.6 percent higher than last December and 7.1 percent higher than last September, the State Bureau of Statistics said. (hina) jn rml

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