Czech Republic: 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Czech Republic

January 28, 2008

Preview Citation

Format: Chicago

Czech Republic: 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Czech Republic, (USA: International Monetary Fund, 2008) accessed November 22, 2024

Summary

The Czech Republic’s strong fundamentals helped to sustain economic growth with low unemployment and underpin strides toward convergence with EU-15. Executive Directors welcomed the euro accession strategy and the sustained implementation of the Maastricht criteria, which would provide a solid foundation for euro adoption. They commended the sound financial system and prudent monetary policies and supported policy tightening to counter rising inflation pressures. Directors highlighted the need to sustain fiscal consolidation, promote labor participation, and lower structural unemployment in alleviating fiscal adjustment.

Subject: External debt, Financial services, Fiscal policy, Fiscal stance, Inflation, Prices, Public debt, Real interest rates

Keywords: Adoption date, CR, Deficit, Fiscal stance, Global, Government, Inflation, Inflation expectation, Inflation outturn, Inflation pressure, ISCR, Maastricht inflation criterion, Monetary management, Real interest rates

Publication Details

Pages:

57
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2008/039
Stock No:

1CZEEA2008001
ISBN:

9781451810264
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports