The monetary policy in Macedonia slowly loosening

 

The risks in the economy still exist. Those who are asking for the loosening are only thinking about themselves, not about the consequences on the economy.

This is the attitude of the Macedonian Governor Petar Gosev, who explained the Yearly report of the work of the National Bank today. According to Gosev, the dynamic of the growth of the total debt, the corporate sector debt, the growth of the infunctional credits, late payments- these are just parts of the risk.

Why did the banks follow the signals of the National Bank only when the interests were increased, and now, when the interest rate is supposed to decrease, the banks are not answering? Is the deficit really 2,5% of the GDP or more? What is the amount of the foreign investments this year? These are some of the questions addressed to the Governor.