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National Bank: Central banks increasing interest rates to cushion blow from price surges

The central banks around the world by increasing interest rates will contribute to cushion the blow from price surges and prevent expectations for rising inflation. International institutions expect stabilization in the coming period before the prices of primary products, which will lessen global and domestic pressures. The National Bank also reacted in terms of the basic interest rate all the while taking a series of measures to increase Denarisation and stimulate savings in the national currency, says Biljana Davidovska - Stojanova, head of the National Bank's Directorate for Monetary Policy and Research.

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