Governor of the National Bank of Serbia, Jorgovanka Tabaković, marked her 13th year leading the institution by emphasizing Serbia’s strong position as one of the most stable economies in Europe. She stated that macroeconomic, financial, and fiscal indicators confirm that Serbia has preserved economic and financial stability even during times of crisis.
Tabaković noted that the National Bank of Serbia was ready to act in the best interest of citizens and the economy at all times. She added that the central bank managed to maintain full confidence in the banking system, with no bank runs occurring during her tenure. She highlighted that even during global uncertainties, the NBS took timely and measured decisions that prevented panic and economic shocks.
According to the governor, Serbia’s inflation was brought back to the target range of 3 percent, plus or minus 1.5 percent, which she sees as a key result of the NBS’s consistent and responsible monetary policy. She also pointed out that the dinar exchange rate remained stable for over a decade, despite crises and pressures on emerging economies. Tabaković mentioned that foreign exchange reserves are at a record high, and the banking sector remains stable, highly capitalized, and liquid.
She emphasized that Serbia’s strong labor market, record-high employment, low unemployment, and higher wages are the result of years of investment in stability and predictability. Tabaković concluded by saying that the NBS will continue to ensure monetary and financial stability while protecting the living standards of citizens and supporting economic growth.
