Movements in NPLs in the coming period will depend primarily on the situation in the real sector, but also on the domestic legal framework and its efficiency. Confirming the commitment of competent government authorities to tackling NPLs in a systematic and comprehensive way, in August 2015 the Government of the Republic of Serbia adopted the National NPL Resolution Strategy.
8. The surveys conducted by the department particularly on macroeconomic changes continue to provide valuable inputs for forward looking monetary policy formulation. These include Industrial Outlook Survey (IOS), Order Books, Inventories and Capacity Utilisation Survey (OBICUS), Credit Conditions Survey (CrCS), Inflation Expectations Survey of Households (IESH), Consumer Confidence Survey (CCS) and Survey of Professional Forecasters (SPF).