Employment began to rise during the fourth quarter of last year, and unemployment has begun to fall. The forecast in our Monetary Policy Report is that unemployment will fall fairly slowly, and be just over 7.5 per cent in the year 2013. (Figure: Labour and employment and unemployment). Since the report was published the labour force surveys for June have been published. These show that employment increased slightly more, and that unemployment was lower during the second quarter of this year, than we had forecast. Inflation close to target of 2 per cent In our Monetary Policy Report we expect inflation to remain fairly close to the inflation target of 2 per cent during the forecast period. This is because, despite strong GDP growth, resource utilisation will be low, and this will hold back domestic inflationary pressure. Inflationary impulses from abroad will also be weak. But as economic activity recovers and resource utilisation rises, inflationary pressures will increase. BIS Review 109/2010  5  Our assessment was therefore that underlying inflation – measured in terms of the CPIF, the consumer price index with a fixed interest rate – would fall towards 1 per cent this year, and then rise towards 2 per cent at the end of 2012. CPI inflation, on the other hand, had increased during the spring, and we expected it to continue to increase as a result of rising interest rates, until it peaks at almost 3 per cent in 2013. (Figure: Inflation).
Anita Angelovska Bezhoska: The national strategy for financial education and financial inclusion in North Macedonia Address by Ms Anita Angelovska Bezhoska, Governor of the National Bank of the Republic of North Macedonia, at the workshop “The National Strategy for Financial Education and Financial Inclusion in North Macedonia: Coordinated efforts for enhancing financial literacy in North Macedonia”, video conference, 16 September 2021. * * * Dear Deputy Minister of Finance, dear representatives of financial regulators, dear representatives of the Dutch Ministry of Finance and the OECD, representatives of the international fora in the country, colleagues from the private and non-government sector, It is my great pleasure to address you at this virtual event devoted to financial literacy and education. First, let me use this opportunity to express our deepest gratitude to the Dutch Ministry of Finance and the International Network on Financial Education at the OECD for their support and high-level expertise provided within the regional Technical Assistance Project on Financial Education. At this very point, I have no doubt that we all profoundly understand the concept of financially literate and financially included citizens, and its importance for the overall prosperity of our societies. As a central bank, highly aware of the former, we have imprinted financial education and inclusion as a separate strategic goal, and along with other financial regulators, we have streamlined joint vision and efforts in the recently adopted first National Strategy on Financial Education.