Monetary Policy Aspects in Central and East European Countries

The monetary policy, as part of the economic policy, represents an absolute prerogative of the central bank. Although all monetary policy instruments are identical in most Central and Eastern European states, the manner and the frequency with which they are used differs from country to country. At global level, the monetary policy objectives are either unique or multiple. In the past years, more and more states have given a special attention to the inflation objective. Direct inflation targeting is a strategy adopted by many European countries, among which there is Romania. The present paper brings to attention the particularities of applying the monetary policy in several countries form Central and East Europe, from the perspective of the inflation and the interest rate.