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.
In this case, the policymaker might not be too worried that, say, a string of adverse supply shocks would create a severe conflict between the goals of price stability and of full employment.