Czech Republic: Staff Report for the 2014 Article IV Consultation

September 2, 2014

Preview Citation

Format: Chicago

Czech Republic: Staff Report for the 2014 Article IV Consultation, (USA: International Monetary Fund, 2014) accessed September 18, 2024

Summary

Growth is gaining momentum, led by strong external demand while domestic demand is also picking up. The central bank’s foreign exchange intervention policy has helped stem deflationary pressures but inflation is still well below target. Following substantial fiscal adjustment over the past three years, an easing of the fiscal stance is underway and the new government’s medium-term fiscal plans have not yet been fully elaborated. The financial system is sound and resilient to shocks, and improvements in the regulatory and supervisory architecture are ongoing. The challenge for the authorities is to create the conditions for strong and sustainable growth while maintaining macroeconomic stability.

Subject: Exchange rates, Fiscal policy, Fiscal stance, Foreign exchange, Inflation, Inflation targeting, Monetary policy, Prices

Keywords: CR, Deficit, Downside inflation risk, Economy, Exchange rates, Excise tax tax hike, Fiscal stance, Food price inflation, Global, Inflation, Inflation expectation, Inflation targeting, ISCR, Staff appraisal

Publication Details

Pages:

61
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/256
Stock No:

1CZEEA2014001
ISBN:

9781484393383
ISSN:

1934-7685

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