(Slide 3) I will go on to speak about several topics that kind of impose themselves on us: First – inflation factors in 2022; Second – monetary policy response to inflationary pressures; Third – resilience of the Serbian economy; Fourth – expectations going forward. I shall start from the first one.
2/8  BIS - Central bankers' speeches  (Slide 4) Global inflation rose to its multi-decade highs in 2022, driven by the prices of energy and primary commodities. This is the topic that marked the previous year.