ZAGREB, April 14 (Hina) - The Croatian National Bank (HNB) Council on Wednesday considered the latest monetary and economic trends, a draft monetary projection for the April-June 2004 period, and a report on the situation in the
banking sector in the last quarter of 2003.
ZAGREB, April 14 (Hina) - The Croatian National Bank (HNB) Council on
Wednesday considered the latest monetary and economic trends, a draft
monetary projection for the April-June 2004 period, and a report on
the situation in the banking sector in the last quarter of 2003.#L#
The session was chaired by HNB governor Zeljko Rohatinski.
The Council adopted a report on the central bank's transactions in
2003 as well as a number of decisions, the bank said in a statement.
The stability of prices continues to be satisfactory. The kuna-euro
exchange rate this March nominally went up 2.8 percent. The monetary
policy in March saw appreciation pressure put on the exchange rate and
reduced bank liquidity, which prompted the HNB to make four foreign
exchange interventions. This resulted in the purchase of EUR162.7
million and the issuance of 1.2 billion kuna, and stabilised the
exchange rate.
(Hina) ha sb