Czech Republic: Staff Report for the 2014 Article IV Consultation
IMF Staff Country Reports, September 2, 2014
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- Czech Republic: Staff Report for the 2014 Article IV Consultation
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Bibliographic details
- Published: September 2, 2014
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484393383.002
Macroeconomic outlook and growth
- Growth is gaining momentum, led by strong external demand while domestic demand is also picking up.
- The challenge for the authorities is to create the conditions for strong and sustainable growth while maintaining macroeconomic stability.
Monetary policy and inflation
- The central bank’s foreign exchange intervention policy has helped stem deflationary pressures but inflation is still well below target.
- Subject tags relevant to this theme: Exchange rates, Foreign exchange, Inflation, Inflation targeting, Monetary policy, Prices, inflation expectation, downside inflation risk, food price inflation.
Fiscal policy and fiscal stance
- Following substantial fiscal adjustment over the past three years, an easing of the fiscal stance is underway.
- The new government’s medium-term fiscal plans have not yet been fully elaborated.
- Subject tags relevant to this theme: Fiscal policy, Fiscal stance, deficit, excise tax tax hike.
Financial sector and supervision
- The financial system is sound and resilient to shocks.
- Improvements in the regulatory and supervisory architecture are ongoing.
- Subject tags relevant to this theme: Financial system, ISCR, staff appraisal, regulatory and supervisory architecture.