Standard & Poor’s: Macroprudential measures of the National Bank contributed to further strengthening of financial stability

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The Republic of Macedonia maintains its credit rating of BB- with a stable outlook, according to the agency Standard & Poor’s, despite unfavorable external influences. The agency anticipates accelerated economic growth, a moderate level of public debt, and fiscal consolidation. Positive impact is expected from progress in EU integration.

Standard and Poor’s notes that in December 2023 inflation slowed down significantly, reducing to 3.6%, compared to the same month of the previous year when it was 18.7%. This is due to the setting of monetary policy, the slowdown in the growth of food and energy prices, as well as the high comparative base. The Agency expects that this year inflation will average 4%, within the latest expectations of the National Bank.

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