National Bank Governor Anita Angelovska-Bezhoska told a panel at a forum in Vienna that central banks have managed to overcome one of the biggest stress tests and successfully influence the reduction of inflation rates and maintain financial stability.
Angelovska-Bezhoska participated in the Central and Eastern European Forum organized by Euromoney – one of the leading traditional events in the field of finance. The forum brings together more than a thousand participants – central bank governors, ministers of finance, heads of financial institutions and investors.
“Over the past two years, central banks around the world have implemented the most aligned and aggressive tightening of monetary policy in the past half a century. Changes in the monetary policy were properly set and combined with macroprudential measures, with the aim of avoiding possible adverse effects on financial stability,” said Angelovska-Bezhoska.
According to her, this helps for inflation to decrease, financial stability to be preserved, and recession avoided.