We now need to finalize these guidelines and move on to the second step of the exercise. Presumably, this would focus on root causes, impediments to adjustment and corrective policies and actions. 3. Having set the context, I would now like to make four comments. 4. First, the IMF is doing a commendable job in providing timely technical inputs for our exercise.
In my introductory address I will touch on the key macroeconomic conditions in which monetary policy was implemented and on the decisions the National Bank of Serbia has made in the period since our previous Report.