TCMB - Governor Erdem Başçı delivered a presentation on “Economic Outlook and Monetary Policy” in Skopje – 28/04/2014, (2014-26)
Central bank: tcmb | Type: decision | Date: 2014-04-28

Governor Erdem Başçı delivered a presentation on “Economic Outlook and Monetary Policy” in Skopje – 28/04/2014, (2014-26)
No: 2014-26
Release Date: 28 April 2014
Governor Erdem Başçı delivered a presentation on “Economic Outlook and Monetary Policy” in Skopje.
Governor Erdem Başçı delivered a presentation on “Economic Outlook and Monetary Policy” in the 3rd Research Conference held by the National Bank of the Republic of Macedonia on Monday, 28 April 2014 at 10:10 a.m. local time in Turkey.
Governor Başçı emphasized the following points:
Retail loan growth continues to slow down in response to the tight monetary policy stance, recent macroprudential measures, and weak capital flows.
The impact of monetary tightening on inflation will be observed with some lag. Meanwhile, inflation is expected to peak in May, partly reflecting the base effects.
Exports will support growth while private final domestic demand will lose momentum.
The current account deficit will improve substantially in 2014.
Governor Başçı’s presentation is available
. For Governor Başçı’s speeches and presentations, please see:
Announcements/Remarks by Governor
Governor Erdem Başçı delivered a presentation on “Economic Outlook and Monetary Policy” in Skopje – 28/04/2014, (2014-26)