NATIONAL BANK OF SERBIA  Speech at the presentation of the Inflation Report – February 2018 Dr Jorgovanka Tabaković, Governor  Belgrade, 14 February 2018  Ladies and gentlemen, dear media representatives, esteemed colleagues,  Welcome to the presentation of the February Inflation Report. We will present to you the current macroeconomic developments, our new projections and monetary policy decisions.
Inflation is on target, credit rating was upgraded, the country risk premium declined, the government budget is in a surplus, the cost of dinar lending is going down, and non-performing loans are on a sharp downward trajectory At the start, I wish to give a brief overview of last year, i.e.