Czech National Bank wants to keep inflation at 2-4 percent until euro adoption

11-03-2004

The Czech National Bank has said it wants inflation to remain between 2 and 4 percent from the beginning of 2006 until the adoption of the single European currency, the euro, expected at the end of the decade. The last inflation target set by the Czech National Bank in 2001 predicted a gradual fall in inflation from 3-to-5 percent in 2002 to 2- to-4 percent at the end of 2005. The Czech National Bank has been setting inflation targets since 1998.