National Bank: Monetary policy stance appropriate, inflation movements need to be closely monitored

With relaxed monetary policy and all the decisions and measures taken since the outbreak of the corona crisis, the National Bank is making a substantial contribution to support financial stability and the Macedonian economy. For the time being, the monetary policy stance is appropriate. However, there is a need for close monitoring of inflation movements, in particular inflation expectations and potential side effects in a context of wage growth.

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