Tabakovic:End-year inflation should be two times lower than at beginning of 2023

MT KOPAONIK - February macroeconomic projections in Serbia indicate improvement in all segments and end-year inflation should be two times lower than at the beginning of 2023, National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic said on Monday.

Speaking at the 30th Kopaonik Business Forum, Tabakovic said peace and stability should not be taken lightly and that Serbia had demonstrated it had both the desire and the know-how to boost the resilience of its economy.

She said inflation in many countries was now higher than it had been in decades and that Serbian inflation in 2022 had mostly been driven by energy and fuel prices.

She noted that Serbia's reaction had not come too late.

"On the contrary, we were among the first to start with gradual monetary policy tightening, already in October 2021. We did this first by increasing the executive repo...