Overall, the risks to the GDP growth projection for this and the following year are judged to be pronounced, but symmetric, while the risks to the inflation projection are also pronounced, but tilted to the upside.
Depending on geopolitical developments and movement in key inflation factors both from the domestic and international environment going forward, the NBS will estimate 10  if there is a need to tighten monetary conditions further and to what degree, taking into account the effects of past monetary policy tightening and the time needed for these effects to play out fully.