After discussing the Winter 2024 Monetary Policy Report, the Bank Board lowered the two-week repo rate by 0.50 pp. The baseline scenario of the winter forecast implies a rapid decline in market interest rates in the course of this year. Inflation will return close to the 2% target at the start of this year and stay there over the monetary policy horizon. The economy will start to grow again this year, but at a very modest pace.
This Monetary Policy Report was approved by the CNB Bank Board on 15 February 2024 and (with some exceptions) contains the information available as of 26 January 2024.
Monetary Policy Report
- Monetary Policy Report – Winter 2024 (pdf, 2.3 MB)
- Box 1 – Assessment of the fulfilment of the inflation target over the last two years
- Appendix – The updated g3+ core forecasting model and the shadow forecast
Chartbook and underlying data
- Chartbook – Winter 2024 (pdf, 2.9 MB)
- Table of key macroeconomic indicators – Winter 2024 (xlsx 71 kB)
- Underlying data – Monetary Policy Report (xlsx, 240 kB)
- Underlying data – Chartbook (xlsx, 604 kB)
- Underlying data – Boxes (xlsx, 98 kB)
- Underlying data – Appendix (xlsx, 536 kB)
- Database of time series related to the Monetary Policy Report in ARAD
Presentation for analysts