Skopje, 19 September 2022
In an interview for MTV, Professor Nikola Popovski explains that in conditions of high inflation, our central bank, like other central banks, takes justified measures to alleviate inflationary pressures, and expects that inflation will gradually stabilize in the future. He emphasizes that these measures will also have a positive effect on domestic savings. He also highlights the importance of the National Bank's measure to support companies for investments in renewable energy sources, through lower interest rates on these loans.
"National banks, the central banks worldwide, as well as our National Bank, take as much measures as possible to control the inflation. If not to reduce it, then at least to prevent further growth. For those reasons, on several occasions, the CB bills policy rate that is, the reference rate, increased, reaching 3%. It is not high, yet" says Professor Popovski.
Regarding the future inflation dynamics, Nikola Popovski said: "The good news is that the inflation growth is slowing down, and from few percents per month, it is now decreasing to 2, and then to 1% per month, with a tendency, to remain probably as such during this winter because of the war and the supply of energy, and from the next year already (in March, April, when the price level has started to go up), to decrease, that is, to stagnate."