NBS revises GDP growth forecast up to 4.2% – Inflation to remain within target tolerance band
The NBS has kept the GDP growth forecast for 2019 unchanged at 3.5%.
Zeljko Jovic, the Vice-Governor of the NBS, said at the presentation of the Inflation Report that y-o-y inflation was within the target tolerance band, measuring 2.2% in October, and that it would be moving within the target tolerance band of 3.0±1.5% until the end of the projection.
He pointed out that the share of NPLs in total loans was cut to 6.4% in September, which is their lowest level since 2008.
– Looking ahead, price and financial stability, as well as continued support to the economic policy of the Government, remain our priorities – Jovic said.
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