PM: Possible changes to HNB Act

Prime Minister Tihomir Oresovic said on Tuesday that the Croatian National Bank (HNB) should remain autonomous in running monetary policy, but raised the possibility of amending the HNB Act.

"Everywhere in Europe and the world governments cannot interfere in monetary policy. But as far as oversight is concerned, several things can be examined. This is also a standard in Europe, so we might change the law a bit with regard to the oversight of the HNB. But the monetary policy must be independent," Oreskovic told the press in the Parliament building after presenting a proposal for this year's budget.

Speaking of the proposed budget, Oreskovic said that 2016 was a watershed year for Croatia and that the goals presented by the government were very specific. "We must focus as much as we can on reducing the debt," he said, adding that the projected GDP growth of 2% was realistic and that the budget deficit should be below 3%. "I think we can do that," he stressed.

Last update: Tue, 15/03/2016 - 22:21

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