Turning to price developments, according to Eurostat’s flash estimate, annual HICP inflation was 2.1% in April, unchanged from March. Over the coming months, annual HICP inflation rates are likely to remain around these levels. Wage increases have remained contained over recent quarters and, in the context of moderate economic growth and weak labour markets, this trend should continue for the time being.
After the National Bank of Serbia passed the Decision on the Accounting Write-off of Bank Balance Sheet Assets in August 2017, gross NPLs worth RSD 100 bn were written  off in 2017, much more than in the earlier years, while RSD 24.5 bn was assigned to non-banking sector entities.