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HNB Council says inflation low, exchange rate stable

Autor: ;rmli;
ZAGREB, April 11 (Hina) - The first quarter of this year has seen a low inflation rate and a stable exchange rate, it was said at a session of the Croatian National Bank (HNB) Council on Wednesday, which discussed the latest economic and monetary developments, adopted guidelines of monetary policy for the second quarter and a financial report for last year, as well as several other decisions from within its jurisdiction.
ZAGREB, April 11 (Hina) - The first quarter of this year has seen a low inflation rate and a stable exchange rate, it was said at a session of the Croatian National Bank (HNB) Council on Wednesday, which discussed the latest economic and monetary developments, adopted guidelines of monetary policy for the second quarter and a financial report for last year, as well as several other decisions from within its jurisdiction.

The session, chaired by Vice Governor Boris Vujcic, was also attended by Finance Minister Ivan Suker and the chairman of the parliamentary Committee on Finance and State Budget, Sime Prtenjaca, the HNB said in a statement.

The first quarter was marked by low inflation (data for March are still not known, but the annual inflation rate is expected to stay below 2%) and a stable exchange rate, giving the central bank no reason to intervene on the foreign exchange market.

As the overall developments are as planned, the Council agreed to continue with the implementation of the current monetary measures.

(Hina) rml

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