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Monetary policy

Inflation and Inflationary Expectations
Inflation targeting
Base Rate
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Inflation Report
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Inflation Report

In its decision-making regarding the level of the base rate, the National Bank performs the analysis and makes estimates for macroeconomic variables including for the inflation. The analysis is performed on a quarterly basis; forecasts are made for the time horizon of up to 6-8 quarters. The analysis and forecast results are published in the National Bank’s periodical entitled the Inflation Report. The periodical has been issued on a quarterly basis since 2004.

Inflation Report 2nd Qtr 2017 (.pdf 29/09/2017,  665,10 KB)
Inflation Report 1st Qtr 2017 (.pdf 31/03/2017,  1,53 MB)
Inflation Report 4th Qtr 2016 (.pdf 31/12/2016,  1,58 MB)
Inflation Report 3rd Qtr 2016 (.pdf 30/09/2016,  558,43 KB)
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