Bogov: Macedonian economy is prepared for possible major world financial shocks


       
Skopje, 12 February, 2018 - 15:41 (META) 

The Governor of the National Bank Dimitar Bogov expects a reduction in the budget deficit, stabilization of both, the public debt and the economy during the next period, ready for possible turbulence in the world markets.

“By using the favorable conditions for issuing the Eurobond, funds were provided for the middle of the next year, thus avoiding a period of instability. For the past ten years we have worked to strengthen the infrastructure of our banks and the financial sector”, Bogov said.

He also said that the NBM has taken into account developments in the economy and dependent on risks it will become clear whether the reference interest rate will increase, decrease, or remain the same”, Bogov added.