The National Bank of Serbia (NBS) announced yesterday that it had revised up its GDP growth forecast for 2018 to 4.2% from 4% and that inflation was expected to remain low and stable, moving in the target tolerance band in the next two years as well.
The NBS has kept the GDP growth forecast for 2019 unchanged at 3.5%.
Zeljko Jovic, the Vice-Governor of the NBS, said at the presentation of the Inflation Report that y-o-y inflation was within the target tolerance band, measuring 2.2% in October, and that it would be moving within the target tolerance band of 3.0±1.5% until the end of the projection.
He pointed out that the share of NPLs in total loans was cut to 6.4% in September, which is their lowest level since 2008.
– Looking ahead, price and financial stability, as well as continued support to the economic policy of the Government, remain our priorities – Jovic said.