The committee for operational monetary policy at the National Bank, yesterday decided that the interest rate on central bank bills will remain at the same level of 2.25% due to a favorable shift in the economy.

“In regard to the latest macroeconomic indicators, after a relatively solid growth of the economy in 2018, so far, available high frequency indicators of economic activity in the first quarter of 2019 points to further favorable shifts in the economy, visible through the accelerated growth of industry and trade simultaneously, however, there was a more moderate increase in construction”, reads a statement from the National Bank.

In April, there was a solid monthly increase in total deposits, which partly arose from the growth of household savings, as well as the increase in corporate deposits. In the credit market, in April, the monthly growth of loans continued, with an increase in lending to both households and the corporate sector.