How the federal funds rate and the balance sheet should be adjusted individually and in combination depends on the degree to which they are substitutes, their relative precision, and the degree to which their effects on the economy are well understood. Let me start with the outlook and then turn to policy.
* * * Dear media representatives, Dear citizens, Based on the competencies and responsibilities of the Central Bank of the Republic of Kosovo, deriving from Article 36 and Article 67 of the Law on the CBK, as well as in accordance with Article 16, Article 99, Article 100 and Article 124 of the Law on Insurance, in meeting held on September 24, 2021, the Executive Board of the CBK has decided that to the Insurer “Kosova e Re", to revoke License no.