Standard & Poor’s: Monetary policy contributes to slowing inflation, banking sector is stable

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The denar is still stable, and foreign exchange reserves are at the appropriate level. The monetary policy conducted by the National Bank, as well as the reduction of pressure from imported prices, contributed to the slowdown of inflation, which is expected to continue to decrease.
Non-performing loans in banks’ balance sheets are still at a low level, while capital adequacy in the banking sector is solid and stable. These are briefly part of the evaluations of the credit rating agency Standard and Poors (S&P), in the framework of the report confirming the country’s credit rating of BB- with a stable outlook.
The report states the expectations of the Agency for further maintaining the stability of the exchange rate, despite the challenges from the external environment. At the same time, the growth of foreign exchange reserves, which in June 2023 amount to 4.2 billion euros, is highlighted.

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