Croatian central bank council adopts projection

The Croatian National Bank (HNB) Council, chaired by governor Zeljko Rohatinski, on Wednesday adopted HNB's monetary policy projection and financial plan for 2003.

The central bank managed to achieve its fundamental objective in 2002 in its entirety: the stability of prices and of the exchange rate.

HNB's interventions on the foreign currency market, which neutralised appreciation pressures, undoubtedly contributed to the situation. During the interventions, about 700m euros were purchased and

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