N. Macedonia's c. bank raises key rate
Photo by BrankoG / Shutterstock.com
North Macedonia's central bank said on Wednesday it decided to raise its policy rate by 0.25 percentage points, to 1.5%, as a preventive response to the expectations for higher inflation and the downside risks related to it in the forthcoming period.
The latest data shows that inflation continues to accelerate, mostly due to the rise of import prices, especially those for energy and food, the central bank said in a statement.
North Macedonia's average annual consumer price inflation accelerated to 8.8% in March from 7.6% in February, Makstat said last week.
ADVERTISEMENT
Hungary PMI Edges up to 47.4 in September
Ukraine Suspends OTP Status on 'Sponsors of War' List
Karikó and Weissman Receive 2023 Nobel Prize in Medicine
Pálinka Added to EU-Japan Geographical Indication Deal
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
