## Czech Republic: Staff Report for the 2014 Article IV Consultation

_IMF Staff Country Reports, September 2, 2014_

## Source details

**Canonical URL:** [Czech Republic: Staff Report for the 2014 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/31/czech-republic-staff-report-for-the-2014-article-iv-consultation-41868)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/czech-republic-staff-report-for-the-2014-article-iv-consultation-41868/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/czech-republic-staff-report-for-the-2014-article-iv-consultation-41868/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/czech-republic-staff-report-for-the-2014-article-iv-consultation-41868/bundle-manifest.json)

## 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.

---

## Content in this bundle

- **_cr14256**
  - [_cr14256 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2014/_cr14256.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr14256 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2014/_cr14256.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/czech-republic-staff-report-for-the-2014-article-iv-consultation-41868_