Because of all of this, we shall not change the policies that yield results. In the long run, export is stimulated in the way Serbia has been doing it for years already – through stability, building of export capacities and integration into global production and service chains. (slide 9) The fifth and the last topic relates to our expectations for the coming period. 1.
First, under our central projection published in the February Inflation Report, y-o-y inflation will strike a downward trajectory as of the second quarter and return within the target tolerance band by year-end. The risks from the international environment are heightened in the short term, but even in conditions of heightened uncertainty, the downward trajectory of inflation this year is under no threat.