In a video message at the Belgrade Economic Forum, Jorgovanka Tabaković, Governor of the National Bank of Serbia, emphasized the challenges of balancing price stability, economic growth and financial stability amid global conditions. She highlighted that inflation in Serbia has returned to the target range, financial stability has been maintained and economic growth is recovering to pre-pandemic levels.
Tabaković noted that inflation was halved last year and has remained within the target corridor of three percent plus or minus 1.5 percent since May. She also mentioned that the financial sector’s stability is reflected in a low rate of problematic loans at 2.7 percent. Additionally, dinar savings have reached record levels, exceeding 170 billion dinars, nearly ten times higher than in 2012.
She reported significant foreign direct investment inflows, totaling 4.6 billion euros last year, with strong prospects for new records this year. The governor pointed out that the stability of the dinar against the euro has been a key factor for business confidence and investment, with the dinar strengthening by 0.1 percent against the euro both last year and this year.
Tabaković concluded by noting that foreign exchange reserves are at a record 28.3 billion euros as of September, more than two and a half times higher than in 2012. She reassured that all investment decisions, including those related to gold, are made with careful analysis of market trends and the overall context of foreign exchange reserves.
