MONETARY POLICY IN THE REPUBLIC OF CROATIA

Monetarna politika jedna je od najvažnijih politika u svakoj zemlji jer, svojim ciljevima i instrumentima, ima utjecaj na cijene, investicije, količinu novca u optjecaju i kamate. Svaka središnja banka u provođenju monetarne politike postavlja određene ciljeve, a kod većine njih glavni cilj jest stabilnost cijena. Hrvatska narodna banka provodi monetarnu politiku određivanjem i primjenom instrumenata i mjera koji su joj potrebni za ostvarivanje njezinih ciljeva i zadaća. Ova banka već godinama provodi ekspanzivnu monetarnu politiku te politiku održavanja stabilnosti kune prema euru, što je glavni preduvjet održavanja financijske stabilnosti. Središnja banka deviznim tečajem najviše utječe na realnu ekonomsku aktivnost, a njezin je utjecaj slabiji putem novčanih kretanja i kamatne stope. Iz ovoga se rada može zaključiti kako monetarna politika u Republici Hrvatskoj nije baš najbolje uređena, ali svakako ima mjesta za poboljšanje.Monetary policy is one of the most important policies in every state because of, with it's goals and instruments, has influence on prices, investitions, amount of money in circulation and interest rates. Every central bank, while coducting the monetary policy, sets certain goals, and mostly of them have price stability as the main goal. The Croatian national bank carrying out monetary policy to the assessment and application of instruments and measures which are necessary for its goals and tasks exercising. This bank carrying out expansive monetary policy and policy maintaining stability of the kuna regarding the euro for years, what is the main precondition for maintaining financial stability. The central bank with it's exchange rate has a major impact on a real economic activity and it's influence is weaker through the cash flows and interest rates. From this paper it can be concluded that monetary policy in the Republic of Croatia is not settled on the best way, but surely it is more place for improvement