In my opinion, globalisation does not affect the central role and overriding responsibility of central banks to preserve price stability “at home”.
* Excluding the exchange rate effect. ** Excluding the effect of NPL w rite-off and sale since early 2016. 2019  5  50 0  2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019* Other sectors Household sector Corporate sector Source: NBS. NPL share in total loans (RHS) * September 2019.