Monetary policy ČNB and application tools

The thesis is focused on issue of monetary policy of the Czech National Bank and on application of its tools. The first part is devoted to explaining basic concepts related to the Czech National Bank and to defening its role in the banking system. The descriptive part is also dedicated to explanation of the role of monetary policy and the essence of the individual instruments of this policy. The practical part of the thesis deals with the usage of direct and indirect instruments of monetary policy, which affect not only the banking sector in the Czech Republic, but also the other economic indicators such as GDP growth, interest rate, then the discount, lombard and repo rate. All these aspects are important not only for residents of the Czech Republic, but also for potential foreign investors and business partners, for which serve as a measure of economic development of state