Unfortunately, the message is that shelter inflation will likely remain high for several months, meaning overall core PCE inflation will continue to be persistently high. There has been a considerable imbalance in the supply and demand for housing for some time. Housing is also sensitive to interest rates and thus quite responsive to monetary policy.
Fehmi Mehmeti: The financial sector was the main pillar of support for businesses and individuals Speech by Mr Fehmi Mehmeti, Governor of the Central Bank of the Republic of Kosovo, at the year-end press conference with journalists, Pristina, 24 December 2021.