01805cas a2200241 a 4500 AALejournalIMF016917 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475568011 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Czech Republic : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Czech Republic. Washington, D.C. : International Monetary Fund, 2016. 1 online resource (73 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students A favorable external environment, high utilization of EU funds, and supportive macroeconomic policies have boosted economic growth. The authorities' medium-term fiscal objective is appropriate, but fiscal framework legislation that would anchor policy is yet to be approved by parliament. The central bank's use of an exchange rate floor to achieve its inflation target has helped stem deflationary pressures, but inflation is still well below target. The financial system is sound and resilient to shocks. Policy recommendations. Policies should aim at comprehensively addressing obstacles to strong and sustained growth, while safeguarding macroeconomic stability. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2016/213 Full text available on IMF http://elibrary.imf.org/view/journals/002/2016/213/002.2016.issue-213-en.xml IMF e-Library