Inflation continues to adjust and slow down, coming down to 3.2% in June 2024, which is a reflection of the appropriate monetary policy implemented by the National Bank and the easing of import price pressures. Foreign exchange reserves continue to grow, reaching a level of 4.3 billion euros. The banking sector is stable and profitable, with a low level of non-performing loans, and regulatory measures have contributed to maintaining financial stability.
These are the conclusions about the monetary part and the situation in the banking system of the renowned credit rating agency “Standard and Poor’s”, in the latest report confirming the country’s credit rating of “BB-“ with a stable outlook.
According to the agency’s estimates, this year the average inflation in the country is expected to be 3.5%, but it is estimated that inflationary pressures could arise from the tightness of the labor market or from unfavorable geopolitical developments.
