Zeljko Jović: Overview of recent monetary and macroeconomic trends in Serbia

Speech by Dr Zeljko Jović, Vice-Governor of the National Bank of Serbia, at the presentation of the Inflation Report - November 2018, Belgrade, 16 November 2018.

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

Central bank speech  | 
01 February 2019

Ladies and gentlemen, esteemed members of the press, dear colleagues,

Welcome to the presentation of the November Inflation Report. We will give you an overview of monetary and macroeconomic trends since the previous Report and set out our expectations for the period ahead.

At the very beginning I would like to stress that since the August Report macroeconomic indicators have remained favourable, while macroeconomic outlook marked an additional improvement. Economic growth has accelerated, inflation is at a low and stable level, relative exchange rate stability has been preserved and inflationary pressures have remained low in the face of strong economic growth. This is primarily a result of joint efforts of all economic policy makers aimed at laying the groundwork for sound and sustainable economic progress.