At the same time, financial stability and price stability have been maintained. This background allowed for cumulative interest rate cuts in recent months such that now, for the first time, there is a significant negative interest rate gap of 0.75 percentage points, between the Bank of Israel and the US Fed rates.
I think that great credit is due to the Croatian Monetary Institute on the excellence of their work. The end result they have achieved fully validates the comments made originally in 1927 and, in my view, does full justice to the excellence of Ivan Mestrovic’s art. Quality design is never diminished by the passing of the years.