Maintaining price stability is the best contribution that a central bank can make to support economic growth and employment. We cannot, however, address by ourselves the underlying root causes of the problems that relate to fiscal and macroeconomic imbalances, a lack of competitiveness, low growth and high unemployment.
Governments of EU Member States have to do their part of the work through structural reforms and fiscal consolidation to return the economy to long-term sustainable growth and to boost employment. While the challenges are obviously not identical, these same issues are also relevant for Serbia.