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 - May 2019, Belgrade, 15 May 2019.

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

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

Welcome to the presentation of the May Inflation Report. We will give you an overview of the current macroeconomic developments, our new inflation and economic activity projections, as well as monetary policy decisions in the period since the previous Report.

To begin with, I would like to underline that positive economic trends have continued in 2019 - macroeconomic and financial stability have been preserved, economic, investment and external trade activities have increased, while the share of our country's public debt in GDP has contracted even further. All of this has been achieved despite the adverse effects of some factors from the international environment, notably the slowdown in euro area growth.

For six years in a row, inflation has been low and stable, and we expect it to remain so in the coming period as well.