What were the consequences – high interest rates, high and volatile inflation and an unstable exchange rate. This is why a relationship which implies coordination and cooperation between the monetary and executive authorities, with strictly divided competencies, is of such importance today. Cooperation of the NBS with the Government and all ministries has been at its highest level for several years now.
At the same time, each institution has retained independence in its operation. We are working together to improve the composition of investors in government bonds. We do not want to depend on individual investors who come here, make a quick and easy profit and leave. Investors are now many; they are sound, and they are here for longer periods – this is the future.