NBS: The inflation rate remains low and stable

PinterestFacebookTwitterShare

Photo: BIZLife

The National Bank of Serbia (NBS) announced today that the inflation rate would remain low and stable, within the target of three percent, with a plus or minus 1.5 percent deviation.

NBS’s Vice Governor Zeljko Jovic said at the presentation of the February Inflation Report that the NBS kept the forecast that the growth of Serbia’s GDP in 2019 would be 3.5 percent, and next year it would be four percent.

He pointed out that problematic loans dropped to a 5.7 percent share, which is the lowest level since the outbreak of the global economic crisis in 2008.

He added that the net inflow of foreign direct investments in 2018 was 3.2 billion euros, exceeding the expectations of the central bank.

According to him, Serbia has become more resistant to negative pressures from the outside environment owing to the good results and coordination of monetary and fiscal policy.

Source: Beta

Photo: BIZLife