Second, low inflation is beneficial to the exports sector as well as to the economy in general as it induces lowering of interest rates. I can safely say today that, despite all the shocks to which our economy (and not only ours) is exposed, inflation is under control.
Distinguished Guests, Ladies and Gentlemen, The 2007/2008 Global Financial Crisis (GFC) has taught us a valuable lesson that merely depending on monetary policy alone is insufficient to achieve macroeconomic and also financial system stability. We learned that the source of crisis has shifted from macro side (fiscal and monetary) to micro side (financial agents).