NBS: 2015 saw "price stability, lower interest rates"
The central bank (NBS) has announced that in 2015 it has managed to secure the stability of prices, the exchange rate and financial system.Source: Tanjug
This happened "despite uncertainties abroad" and means that "the key word describing its work in the past year is 'stability'."
Over the course of 2015, inflation has been low and stable, and has not exceeded 2.1 percent year-on-year. Despite numerous challenges, the relative stability of the rate has been kept, the NBS said in a release on Wednesday.
“Only in 2015, the NBS reduced the key policy rate seven times - from eight to 4.5 percent, thus creating conditions for interest rates on loans to continue to fall, for a recovery of credit, and consequently economic activity," the bank said.