Being able to balance the need to drive inflation to the target, and the need to support economic growth, shows the flexibility of the inflation-targeting regime. How will inflation behave in the coming years and when will it meet the NBU target? Inflation will continue to decline gradually.
We are fully committed to fighting inflation and we are determined to achieve its timely return to our 2% medium-term target. This commitment to price stability contributes to economic growth and employment in the medium term and hence to reducing inequality.