ZAGREB, Oct 24 (Hina) - A committee on cooperation between the Croatian National Bank (HNB) and the Ministry of Finance on Tuesday evening debated the draft of a HNB act proposing that HNB's objective should be maintaining stable
prices instead of maintaining a stable national currency rate. This would make it possible for the currency rate to be a means for effecting stable prices and not vice versa, said a finance ministry statement. It stressed that the draft had been harmonised with solutions in use among central banks of European Union states, recommendations of the European Central Bank, as well as with suggestions by the International Monetary Fund.(hina) ha jn
ZAGREB, Oct 24 (Hina) - A committee on cooperation between the
Croatian National Bank (HNB) and the Ministry of Finance on Tuesday
evening debated the draft of a HNB act proposing that HNB's
objective should be maintaining stable prices instead of
maintaining a stable national currency rate.
This would make it possible for the currency rate to be a means for
effecting stable prices and not vice versa, said a finance ministry
statement.
It stressed that the draft had been harmonised with solutions in use
among central banks of European Union states, recommendations of
the European Central Bank, as well as with suggestions by the
International Monetary Fund.
(hina) ha jn