“Macroeconomic stability in 2011”
National Bank of Serbia (NBS) Governor Dejan Šoškić stated on Friday that he expected macroeconomic stability in the coming year or even longer.
Saturday, 18.12.2010.
09:24
National Bank of Serbia (NBS) Governor Dejan Soskic stated on Friday that he expected macroeconomic stability in the coming year or even longer. “This will be reflected in the stability of prices and exchange rate,” he stressed. “Macroeconomic stability in 2011” “NBS has instruments for maintaining the stability of prices,” Soskic told Serbian TV RTS. The NBS governor expects support from the Serbian government to maintain the budget deficit of 4.1 percent of the GDP and the stability of prices under state control. He believes that stability of prices of agricultural products should be secured, which, together with appropriate NBS monetary policy, should maintain the target inflation for 2011 of 4.5 percent, plus or minus 1.5 percent. “Inflation is expected to rise by 10 to 14 percent in the first quarter of 2011, and should then drop,” Soskic explained. “With an appropriate government and NBS policy, there will be no need for raising prices,” he said.
“Macroeconomic stability in 2011”
“NBS has instruments for maintaining the stability of prices,” Šoškić told Serbian TV RTS.The NBS governor expects support from the Serbian government to maintain the budget deficit of 4.1 percent of the GDP and the stability of prices under state control.
He believes that stability of prices of agricultural products should be secured, which, together with appropriate NBS monetary policy, should maintain the target inflation for 2011 of 4.5 percent, plus or minus 1.5 percent.
“Inflation is expected to rise by 10 to 14 percent in the first quarter of 2011, and should then drop,” Šoškić explained.
“With an appropriate government and NBS policy, there will be no need for raising prices,” he said.
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