Results of the BSP’s survey of private sector economists for November 2019 showed unchanged mean inflation forecasts for 2019 to 2021. Last year, the Monetary Board (MB) cut the BSP’s policy interest rate by a total of 75 bps and the reserve requirement ratio by a total of 400 bps.
With the introduction of Jumbo Pfandbriefe, with an issue volume of over Ε 500 million, the establishment of book-building as a method of issue and the assignment of an 2  This tax exemption applies to participating interests held by the seller for at least one year and, in the event of a disinvestment, will increase yield after taxes.