Meetings with the IMF: The monetary policy of the National Bank is an appropriate response to the challenges facing the domestic economy

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The National Bank has so far adequately responded to the current challenges that are a consequence of the global crisis, taking measures towards the gradual normalization of monetary policy, in order to maintain medium-term price stability. This is of particular importance as the global economy faces the highest inflation in decades, the Russian invasion of Ukraine, the tightening of global financial conditions and the still-present threats of the pandemic. Monetary policy should respond decisively to price pressures, while taking into account the unfavorable outlook for economic growth and risks for financial stability.

These are the main conclusions from the meetings that the governor of the National Bank, Anita Angelovska-Bezhoska, and the Bank’s vice-governor, Ana Mitreska, held with senior representatives of the International Monetary Fund (IMF), within the framework of the Annual Meetings of the IMF and the World Bank in Washington D.C., United States of America.

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