Cover IMF Staff Country Reports
Buy Book in Print
Czech Republic: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Czech Republic
Author:
International Monetary Fund. European Dept.
Search for other papers by International Monetary Fund. European Dept. in
Current site
Google Scholar Close
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2016: Issue 213
Language:
English
Publication Date:
07 Jul 2016
DOI:
https://doi.org/10.5089/9781475568011.002
ISBN:
9781475568011
ISSN:
1934-7685
Pages:
73
Keywords:
ISCR; CR; EU fund absorption; indexation; EU funds; inflation expectation; monetary policy rate; expenditure method; headline inflation; pressures build-up; CNB staff; Inflation; Fiscal stance; External sector statistics; Exchange rates; Global
Download PDF (2.6 MB) Download Epub
A favorable external environment, high utilization of EU funds, and supportive macroeconomic policies have boosted economic growth. The authorities’ medium-term fiscal objective is appropriate, but fiscal framework legislation that would anchor policy is yet to be approved by parliament. The central bank’s use of an exchange rate floor to achieve its inflation target has helped stem deflationary pressures, but inflation is still well below target. The financial system is sound and resilient to shocks. Policy recommendations. Policies should aim at comprehensively addressing obstacles to strong and sustained growth, while safeguarding macroeconomic stability.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund