The National Bank is implementing an adaptable monetary policy. We are closely monitoring developments and making analyses of measures that will ensure balancing of effects of increased prices and consider the need to maintain proper support to the economy, MIA reports.

The banking system has the capacity to handle possible shocks while providing solid credit support to the real sector, said National Bank Governor Anita Angelovska-Bezhoska at a meeting with World Bank’s Western Balkans Director Linda Van Gelder on Thursday.

Governor Angelovska-Bezhoska said the Ukraine conflict has significantly contributed to the uncertainty and variability of trends at international financial markets. On the monetary policy setup, the Governor said the National Bank is focused on maintaining proper balance in the monetary policy that supports the economy while maintaining price and currency stability, the central bank said in a press release.

Van Gelder, accompanied by World Bank Country Director Massimiliano Paolucci, said there has been significant global macroeconomic shock that will affect global economy but also Macedonian businesses, which requires proper support policies.

She highlighted the importance of resuming and applying policies that ensure structural changes in the national economy. The World Bank has continually implemented projects that provide significant support to the economic growth and the country’s development, which is expected to continue, reads the press release.