During the first quarter, uncertainty and volatility in the international financial market also increased. The character of monetary policies of leading central banks diverged further amid the still present uncertainty in terms of the pace of their normalisation in the coming period and, in turn, movements in the dollar/euro relationship, as well as capital flows towards emerging economies.
Despite this, global financial conditions are still favourable. Strengthening domestic fundamentals – a response to external challenges It is a fact that there have been and there still will be external challenges going forward. We cannot impact them, but only mitigate their effects.