The Czech Republic adopted inflation targeting in 1997 to stabilize prices and currency. This strategy was chosen because other methods were not effective. The Czech National Bank faced challenges in implementing this new approach, especially with regulated prices. By setting specific targets for inflation over different time periods, the bank improved transparency in decision-making. Lessons learned from this experience include the importance of public preferences for stable prices and currency, and the need to manage expectations and delays in monetary policy. Overall, inflation targeting has brought significant benefits to the Czech economy.