We have been enjoying a very close and friendly relationship with the Hong Kong Monetary Authority, and I myself have solicited advice for today’s speech from my very close friend, Mr. Norman T. L. Chan, Chief Executive of the Hong Kong Monetary Authority. Let me now move on to the main subject.
When it comes to the policy and results of the National Bank of Serbia, inflation is estimated to remain at the level around the target midpoint of the National Bank of Serbia. In addition, bearing in mind exchange rate movements and the expectation that inflation will trend at a low level, the monetary policy stance has been assessed as adequate.