Inflation low and stable, Serbian top banker says

Inflation low and stable, Serbian top banker says

Inflation low and stable, Serbian top banker says Izvor: Tanjug/Sava Radovanović

Inflation is expected to remain low and stable and the GDP is expected to grow by 3.5 percent this year and next, National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic said on Thursday.

The NBS is predicting an inflation rate of 3 percent this year, plus or minus 1.5 percent, she told a presentation of the annual report on inflation, adding that future decisions on monetary policy will depend of inflation trends.  

The NBS feels that the GDP will rise by 3.5 percent this year and next and that the growth rate will stand at 4 percent in the medium term.  

Tabakovic said she expects a double digit growth rate for investments which will account for 22 percent of the GDP.   The NBS Governor said that the percentage of non-performing loans in overall loans has dropped to 9.2 percent.

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