NATIONAL BANK EXPECTS STABLE EXCHANGE RATE OF KUNA IN 1996

ZAGREB, Feb 2 (Hina) - The National Bank of Croatia was not planning any additional monetary policy measures for February, the National Bank Council agreed on Friday, according to a statement issued by the National Bank this evening. Credits to commercial banks and the government would remain at the same level as in January, while the foreign currency reserves would be maintained at the December level, the Council decided. "Such a monetary framework ensures the stable exchange rate of the kuna and keeps inflation in check," the statement said. Maintaining price and exchange rate stability was the main monetary policy task for 1996, the Council concluded. (hina) mm as 022112 MET feb 96