After that the rate of resource investment is likely to decline, while the export shipments of the resources themselves will pick up. By then we might expect that  2  BIS central bankers’ speeches  some other sectors that have been weak of late, like residential and non-residential construction, might be starting to pick up.
Present developments only go to confirm what the NBS has claimed, in response to criticisms purporting that the restrictive measures of the National Bank are entirely to blame for the high cost of credits in Serbia: inflation needs to decline first, and only then can we count on a gradual decline in interest rates.