Jorgovanka Tabaković: Overview of recent monetary and macroeconomic trends in Serbia

Speech by Dr Jorgovanka Tabaković, Governor of the National Bank of Serbia, at the presentation of the Inflation Report - February 2018, Belgrade, 14 February 2018.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Ladies and gentlemen, dear media representatives, esteemed colleagues,

Welcome to the presentation of the February Inflation Report. We will present to you the current macroeconomic developments, our new projections and monetary policy decisions.

Inflation is on target, credit rating was upgraded, the country risk premium declined, the government budget is in a surplus, the cost of dinar lending is going down, and non-performing loans are on a sharp downward trajectory

At the start, I wish to give a brief overview of last year, i.e. I will present the domestic macroeconomic developments that we believe marked 2017 and that are important from the aspect of the corporate sector, citizens, the government, all of us.