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CNB’s macroeconomic projections for Croatia – June 2024

In 2025 and 2026, the growth of main GDP components is expected to be relatively...of EUR 0.1bn from the year before, due to strong growth of the nominal GDP its...

Jun 7, 2024 7:01 PM

Comments on the balance of payments and the international investment position in 4Q 2019

price, exchange rate and other adjustments, resulted in a deterioration in the relative...As a result, the relative indicator of the net...

Mar 29, 2020 2:15 PM

Comments on the balance of payments, gross external debt and the international investment position in 4Q 2022

However, owing to a strong nominal GDP growth, the relative indicator of foreign...Figure 3 International investment position (net) a) Position by sector b)...

Mar 31, 2023 11:09 AM

Comments on the balance of payments, gross external debt and the international investment position in 2Q 2021

deterioration in the balance in the primary income account[1] in the second quarter of 2021 relative...As a result of the decrease in net external debt, the...

Sep 29, 2021 3:47 PM

Macroprudential Diagnostics No. 15

This means that even though roughly a half of the principal is disbursed with relatively...Although credit institutions remain highly capitalised, with a...

Oct 29, 2021 5:17 PM

Macroprudential Diagnostics No. 14

Thus, the relatively slow vaccine rollout in many countries resulting from the only...of July is expected to make travel during the summer months easier, provided the...

Jul 23, 2021 12:28 PM

Macroprudential Diagnostics No. 5

Figure 1 Risk map for the second quarter of 2018 Notes: The arrows mark changes relative...long-term sustainability of public finances, the public debt-to-GDP ratio is...

Jul 5, 2018 9:59 AM

Macroprudential Diagnostics No. 8

Nevertheless, their debt level is still relatively high compared to the enterprises...Although the financial markets suggest that the risk of recession remains...

Jul 12, 2019 12:16 PM

CNB Council: CNB adopts monetary policy guidelines for the period up to 2022

The slowdown of growth relative to the 2019 estimate reflects a weaker than expected

Dec 16, 2019 3:56 PM

Croatian National Bank and National Bank of the Republic of North Macedonia sign Memorandum of Understanding concerning cooperation and exchange of information

capacity of the management and the team of the central bank, which according to the relatively

Jul 6, 2021 2:15 PM

Comments on monetary developments for June 2017

A relatively strong June growth of M4 halted the slowdown in the annual growth of

Jul 25, 2017 10:09 AM

CNB Council Meeting: Economic growth estimate for 2018 lowered to 2.7%

Croatia's real GDP growth continues to relatively lag behind that of new EU member

Oct 24, 2018 8:05 PM

CNB Council: Economic growth projected at 3.1% in 2019

As a result, the trend of improvement in the relative indicators of external debt

Jul 10, 2019 5:58 PM

Reserve requirement rate reduced from 14 to 13 percent

The average capital adequacy ratio is still at a relatively high level of 15.7 percent

Aug 3, 2015 10:32 AM

Release of statistical data on the balance of payments, gross external debt position and international investment position for the fourth quarter of 2023

The relative indicator of the net international investment position improved slightly...The general government made a relatively modest...

Mar 28, 2024 10:35 AM

Comments on the balance of payments and the international investment position in 2Q 2020

However, the sharp fall in the nominal GDP led to the worsening of the relative indicator...sharp fall in the nominal GDP in the second quarter led to a deterioration in...

Sep 30, 2020 10:45 AM

hbilt04.pdf

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Mar 9, 2017 1:34 PM

hbilt05.pdf

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Mar 21, 2017 11:08 AM

ebilt06.pdf

averages of monthly interest rates, in % on annual basis wwmiMifailltllif0.t:t&WA

Mar 21, 2017 1:59 PM

The role of base effects in the slowdown of consumer inflation

), which are most frequently commented, also reflects the change in prices in a relatively...For example, retail prices may rise relatively...

Jan 17, 2024 12:03 PM

CNB conducts a strongly expansionary and countercyclical monetary policy

and food prices in the global market onto domestic prices in the conditions of relatively...Despite a noticeable decline in GDP, a relatively...

Mar 9, 2016 10:53 AM

Macroprudential Diagnostics No. 2

This primarily refers to the relatively high public debt-to-GDP ratio....This risk is additionally increased by the relatively long period of low...

Jul 12, 2017 10:21 AM

Macroprudential Diagnostics No. 20

The Croatian economy remained relatively robust in the first half of 2023 thanks...Still, good business performance, growth in liquidity and increase in capital...

Jul 28, 2023 9:17 AM

Macroprudential Diagnostics No. 23

While standard distance-to-default indicators for Croatian companies oscillate relatively...Historical data suggest that in Croatia, a relatively...

Jul 26, 2024 11:40 AM

The digital euro will be safe, anonymous and cost-free for consumers

Our decision to create public money in a digital format is the result of a relative

Mar 22, 2024 5:28 PM

CNB Council: Slowdown of economic recovery at the end of the third and the beginning of the fourth quarter

At the end of July, the relative indicator of general government debt stood at 82.5%

Nov 11, 2020 4:43 PM

CNB Council session: CNB issues a new 25 kuna coin

The banking system's overall resilience to shocks thus remained relatively high,

May 7, 2019 5:31 PM

Room for monetary policy stimulus decreasing

In addition, very low interest rates are relatively new to Croatia and the challenges

Oct 24, 2019 3:36 PM

The end of expansionary monetary policy

borne in mind is that the central bank's room for manoeuvre is further limited, relative

Aug 3, 2015 10:31 AM

CNB Council: New monetary projection adopted

an annual level as well (1.4%), while total placements to corporations increased relative

Aug 3, 2015 10:33 AM

Exchange rate fluctuations do not require changes in monetary policy

Since the level of banking system liquidity is relatively high lately, it is quite

Aug 3, 2015 10:28 AM

Macroprudential Diagnostics No. 18

estimated effect of an interest rate increase of three percentage points on the relative...However, if the economic trends remain relatively...

Oct 28, 2022 7:51 AM

Gap between real inflation trends and incomes

They congratulate regularly on the relatively high growth rates, which have been...Absolute wage levels have remained relatively low, reflecting...

Nov 22, 2024 9:58 AM

11-yes-menyhert.pdf

Section 2 introduces the reader to the rel- evant literature, presents the uncertainty

May 12, 2016 1:40 PM

s-032.pdf

The rel- atively high proportion of intermediates in total Croatian ex- ports has

Mar 14, 2018 2:18 PM

s-013.pdf

In view of the (publicly) available data on inflation, it is impossible to make rel

Jul 4, 2015 5:06 PM

Comments on loan and deposit developments in June 2023

The smaller volume of granted housing loans relative to the levels recorded in June

Jul 25, 2023 9:43 AM

Comments on loan and deposit developments in July 2023

Total loans continued to grow in July (by EUR 246m or 0.7%) at a relatively strong

Aug 30, 2023 4:07 PM

First year of Croatia’s participation in the euro area

the euro in Croatia have fully materialised: the elimination of currency risk, (relatively

Nov 20, 2023 1:25 PM

CNB Council: Systemic financial risks slightly reduced

vulnerability to tighter financing conditions, although a slight increase in the already relatively

May 13, 2024 1:06 PM

Table H11a – Effective exchange rate indices

bilateral exchange rates of the kuna adjusted for the corresponding indices of relative

May 8, 2023 10:57 AM

Credit institutions’ interest rate statistics for April 2021

also mostly continued their years-long decline in April 2021, whereas an increase relative

May 31, 2021 2:34 PM

Credit institutions’ interest rate statistics for July 2021

also mostly continued their years-long decline in July 2021, whereas an increase relative

Aug 30, 2021 5:59 PM

Conclusion of IMF Staff Visit to Croatia

“Although recent macroeconomic developments have been relatively favorable, the outlook

Feb 25, 2016 8:06 AM

Joining the euro would have little cost for Croatia

But I think that Croatia's spread is still relatively wide.

Jul 18, 2017 2:21 PM

We need to start adapting to new technologies right now

slightly lower than the peer countries' average, but the students' results are relatively

Sep 26, 2018 4:47 PM

Croatian Large Value Payment System

transactions in kuna are settled in real time on a gross basis, and it mostly concerns relatively

Jun 1, 2015 2:27 PM

Reintegration of the Croatian Danube Area into the Croatian payment system successfully completed

Relatively few banks were interested in the abovementioned auction, which emphasizes

Aug 3, 2015 10:27 AM

Overview of the CNB’s spring macroeconomic projections for Croatia – March 2024

A relatively strong employment growth and a decline in unemployment is expected in...This is mostly attributable to smaller envisaged inflows from the EU budget...

Mar 7, 2024 4:47 PM

Governor Vujčić delivers speech at the conference "One year with the euro"

Namely, we have foreseen that the changeover to euro would lead to the relative reduction...This fact, coupled with the already mentioned...

Jan 30, 2024 3:47 PM

CNB researchers participated in the conference Challenges of Europe: Design for the Next Generation

authors concluding that the effect of the introduction of the euro on prices was relatively...but observe that close substitutes of the milk whose price had been frozen...

May 24, 2023 1:40 PM

CNB Council: 5.5% real GDP growth in 2022

increase in the net exports of services and a stronger increase in interest expenses relative...Although in the first quarter of 2022 domestic economic growth was...

Jul 13, 2022 3:46 PM

Macroprudential Diagnostics No. 16

The strong growth in housing lending coupled with relatively lax lending conditions...Even though aggregate indicators of household debt repayment burden are...

Feb 28, 2022 12:39 PM

e-List_of_legal_forms.xlsx

Publiskās personas un iestādes Public persons and authorities LV801 Latvia LV REL...Publiskās personas un iestādes Public persons and authorities LV801 Latvia LV...

May 16, 2022 7:46 AM

CNB experts at the F2 – Future of Fintech conference

of the introduction of the euro on Croatia – the elimination of currency risk, (relatively

Nov 29, 2023 3:24 PM

Comments on monetary developments for September 2020

to domestic sectors (excluding the central government) held steady in September relative

Oct 27, 2020 10:47 AM

Cooperation with the ESRB

legally binding for EU member states, the degree of their implementation has been relatively

Jun 1, 2015 1:05 PM

What are virtual currencies?

payment system and money market both at the global level and in Croatia has remained relatively...They are not a measure of value as they are not used to compare...

Feb 9, 2018 1:20 PM

Is the level of financial literacy improving in Croatia?

Josip Pintarić

Aug 3, 2020 2:44 PM

Macroprudential Diagnostics No. 19

Housing loans, however, continued to grow at relatively high rates, which contributes...In the case of Croatia, the estimated amount of tax is...

Feb 24, 2023 12:41 PM

Comments on loan and deposit developments in August 2023

In August, total loans increased by EUR 224m or 0.6% from July, continuing the relatively

Sep 29, 2023 11:32 AM

Credit institutions’ interest rate statistics for October 2023

long-term deposits recorded a growth of 2.99 and 2.17 percentage points respectively relative

Nov 29, 2023 4:38 PM

Credit institutions’ interest rate statistics for April 2023

Short-term deposits recorded a growth of 2.02 percentage points relative to April

May 31, 2023 1:05 PM

Comments on monetary developments for October 2020

growth in total placements slowed down, mirroring the waning of the base effect of a relatively

Nov 27, 2020 1:17 PM

Monetary policy cannot be a substitute for structural reforms and the fiscal policy

continuously pursues the policy of discouraging euroisation by imposing higher relative

Oct 27, 2016 1:22 PM

Lower reserve requirement – higher investment in CNB bills

The Council paid special attention to indicators of relatively high growth of monetary

Aug 3, 2015 10:39 AM

Introduction of VAT has not disturbed the liquidity

Although the growth of monetary aggregates was relatively high, it slowed down gradually

Aug 3, 2015 10:27 AM

Macroprudential Diagnostics No. 25

This halted the several-year long downward trend in the relative indebtedness of...As a result, the average loan-to-value ratio (LTV) has been...

Mar 7, 2025 3:12 PM

s-017.pdf

macroeconomic imbalances in Member States and which indicators would be considered rel

Jul 4, 2015 5:06 PM

e-gi-2012.pdf

Goods transport also fell rel- ative to 2011 in almost all types of transport....In rel- ative terms, bonds with shorter remaining maturities...

Jun 30, 2015 12:37 PM

ebilt143.pdf

rates cannot be directly compared, but their development can be analy ed.s 6 8/0 9/0812...rates cannot be directly compared, but their development can be analy ed.s 6 8/0...

Jun 30, 2015 2:44 PM

Credit institutions’ interest rate statistics for July 2023

Short-term deposits recorded a growth of 2.73 percentage points relative to July

Aug 31, 2023 12:07 PM

Credit institutions’ interest rate statistics for January 2024

and long-term deposits went up by 2.12 and 0.91 percentage points respectively relative

Feb 29, 2024 10:45 AM

Boris Vujčić participated in the panel "How to Accelerate Green, Resilient and Inclusive Global Growth" at the World Economic Forum in Davos

Croatia, the Governor pointed out that this led to the elimination of currency risk, relatively

Jan 17, 2024 6:24 PM

ECB publishes experimental statistics on household wealth distribution for Croatia

in Croatia stood at EUR 103.3 thousands at the end of the third quarter of 2024, relative

Mar 21, 2025 1:02 PM