At its session today, the CNB Council examined current economic and monetary developments, adopted the CNB's Annual Report for 2018 and enacted several decisions on matters falling within its competence.
Having temporarily stagnated at the end of the previous year, Croatia’s economic activity intensified in the first four months of 2019. Labour market developments remained positive, including employment and wage growth and a decrease in unemployment. Consumer prices decelerated slightly from 0.9% in March to 0.7% in April, primarily due to a decrease in the annual rate of change in the prices of food products and footwear. Financing cost developments mostly continued to be favourable, due to high liquidity in the financial market enabled by the CNB’s expansionary monetary policy. The growth rate of total placements dropped annually as a result of a slowdown in the growth of lending to non-financial corporations. Household lending accelerated slightly due to stronger housing loan growth. As shown by the Ministry of Finance cash data, the consolidated general government deficit amounted to HRK 3.1bn in the first three months in 2019 and was approximately equal to that in the same period in the previous year.
The CNB Council also approved the following appointments and reappointments proposed by several credit institutions' supervisory boards: Danijel Luković will be reappointed as Chairman and Tadija Vrdoljak as Member of the Management Board of Croatia banka d.d., Zagreb, Klaudija Paljuh will be reappointed as Member of the Management Board of Istarska kreditna baka d.d., Umag, Robert Bitunjac will be appointed as Member of the Management Board of Sberbank d.d., Zagreb and Sonja Skobe will be reappointed as Member of Raiffeisen stambena štedionica d.d., Zagreb.