NBS: Referential interest rate of 4,25% for the third month in a row

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Despite low inflationary pressures, as well as improvement of macroeconomic indicators, it is estimated that uncertainty in international goods and financial markets which is still present at the moment requires vigilance of monetary policy, NBS announced.

Reduction of influence of mentioned external risks contribute to domestic factors, primarily reducing internal and external imbalances, and partly expansionary monetary policy of the European Central Bank (ECB).

Inter-annual inflation, which in April was 0.4%, according to the assessment of NBS, as of May should start a gradual rise and at the beginning of next year to return to target (4.0% plus/minus 1.5 percent.

May report of NBS on Inflation will be presented to the public on Tuesday, May 24, it was stated and added that on this occasion, among other things, decisions of monetary policy and macroeconomic trends which feature them will be explained.

The next session of the Executive Board of the NBS where there will be decided on reference interst rate will be held June 9.