(Agencia Bolivariana de Noticias) - "The Venezuelan Central Bank (BCV- Spanish abbreviation) expects to accentuate the anti-inflationary policy in the second semester of 2007, through the guidelines of the monetary policy in accordance with the resolution agreed in the Board.

'Regarding the anti-inflationary policy, National Executive and Venezuelan Central Bank have decided to accentuate the coordination of their policies, which is expressed in efforts in real, monetary, and tax sphere', the text underscores.

The BCV emphasizes that a favorable national and international context will keep boosting the internal economic growth in 2007 and 2008.

These measures aim to encourage national savings and to adequate liquidity levels to the growth objectives in a higher stability environment.

'Venezuelan Central Bank will keep evaluating the social and economic development and it will adopt, if needed, additional measures', as it is written in the text.

In the Board, it was analyzed the evaluation of the main premises: projections of the tax administration, of the external sector, of the economic activity, and of prices; as well as the evaluation of the main variables linked to monetary and financial sector of the Venezuelan economy.

Therefore, the guidelines for the monetary policy for the second semester of the year were approved as follows:

'The Venezuelan Central Bank, in accordance with the article 32nd of the law regulating it, in which it is established that its Board has to approve the guidelines leading the monetary policy each semester of the year, and in the context of the coordination of the fiscal, exchange, and monetary policies, contained in the Annual Agreement of Policies 2007, undersigned with National Executive has decided to adopt a joint of actions looking for adequate liquidity levels of the economy and for encourage national saving in order to favor an environment of prices stability and to keep the growth registered last years'.

This, based on the permanent monitoring of a wide joint of indicators (monetary, fiscal, exchange, prices, incomes, economic activity, and social activity) allowing to adjust on time the instruments at its disposal".