EC: The National Bank is taking appropriate measures to deal with price pressures

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The monetary policy conducted by the National Bank is appropriate to the current conditions and challenges. Through a gradual increase in interest rates, it contributes to the stabilization of inflationary expectations, taking into account that there are no significant effects on economic growth and to reduce the negative impact of the health and energy crisis. This was concluded by the European Commission in the Annual Report on the country’s progress.

Positive evaluations of the monetary policy are also given and it is said: “During the corona crisis, the National Bank managed to maintain financial stability, to provide space for significant credit support for citizens and companies, while after price pressures, it takes appropriate measures and policies to be able to adequately respond to them”.

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