3/4  BIS central bankers' speeches  It is our view that the successful mass vaccination, owed to the efforts of President Vučić, will help preserve the health of our citizens and contribute to an even faster recovery of our economy.
In your country quantifying the objective(“inflation target”) is subject to an agreement between the Minister of Finance and the central bank, whereas in the euro area, the central bank determines this autonomously. It is true that in the euro area we have twelve Finance Ministers! However the discretionary power of the Fed is greater still.