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Moody’s agency maintained Serbia’s credit rating, with prospects for its increase

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Moody’s agency maintained Serbia’s credit rating at the Ba2 level, as well as stable prospects for a further increase in the rating, the NBS governor’s office announced.

The agency states that the NBS, with an effective monetary policy in previous years, first reduced inflation from double-digit levels at the beginning of the last decade and kept it below 4 percent from 2013 until mid-2021, the statement added.

When it comes to macroeconomic prospects, Moody’s expects, in addition to declining inflation, an acceleration of economic growth over the next year and a return to the pre-pandemic growth path of 4 percent per year in 2025.

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For more than three and a half years, as long as the global crisis lasts, we preserved the relative stability of the exchange rate against the euro, increased foreign exchange reserves from 13.4 to 23.7 billion euros, attracted 14 billion euros of foreign direct investments and increased exports from 23 billion to 40 billion euros. , concludes Governor Jorgovanka Tabaković.

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