And that is precisely why it is better to have low but sustainable rather than high and unsustainable growth rates.
BIS central bankers’ speeches  3  The argument that Serbia should persevere on the path of investment and export-led economic growth and that the key role in its achievement should be played by structural reforms and fiscal consolidation was also suggested by Standard&Poor’s in its official statement in March 2011 when Serbia’s credit rating was improved from BB- to BB: “The increase of Serbia’s credit rating reflects the agency’s belief that the implementation of economic policy in Serbia has improved and that the country has gained a new momentum when it comes to fiscal consolidation, structural reforms and economic rebalance.”  The National Bank of Serbia, on its part, shall continue to strive towards stabilising inflation at a low level and preserving a healthy financial system, which, I am utterly convinced, represents the best way to help the economy in current circumstances and contribute to the creation of an environment conducive to business and investment.