reduced reference interest rate signaling banks to invest in economy
Last Updated : GMT 08:38:31
Arab Today, arab today
Arab Today, arab today

Reduced reference interest rate signaling banks to invest in economy

Arab Today, arab today

Arab Today, arab today Reduced reference interest rate signaling banks to invest in economy

Skopje - MIA

The decision of the National Bank of Macedonia (NBRM) to reduce the interest rate is quite clear sending a signal to banks to invest more in the economy, industry and private sector, Premier Nikola Gruevski said Saturday. "Banks are largely liquid, which means they have significantly reduced loaning. This is a way to encourage them to finance the economy and private sector and to lend a hand in these difficult times," Gruevski said. At the same time, he added, it is a signal that Macedonia has a sound and stable macroeconomic situation. "The fact that Macedonia is one of the least indebted countries, its stable currency, low inflation and an array of other macroeconomic indicators show that Macedonia has been having a stable and sound economic policy without posing risks for the future," Gruevski said. Commenting NBRM's decision to downgrade the economic growth projections for 2012, the PM stated it was a minor revision that was close to the government's projection. "Government's growth projection is 2.5% and NBRM's is 2 percent... Regardless of which growth will be achieved, it will be one of the higher growth rates considering Europe's debt crisis. However, it is not something that should make us content. In fact, it will be favourable for Macedonia to manage to achieve these growth rates in such circumstances when the whole of Europe is in recession and is facing low growth rates," Gruevski noted. The government is not able to affect the economy in Europe, but pledges to take measures to alleviate the negative effects of the debt crisis, according to him. Answering a journalist question, PM Gruevski said the government had made many efforts to improve economic conditions and country's investment climate. "Macedonia has been highly ranked by the World Bank and many other financial institutions with regard to its conditions for starting a business and is ahead of many countries in the region," he concluded.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

reduced reference interest rate signaling banks to invest in economy reduced reference interest rate signaling banks to invest in economy

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

reduced reference interest rate signaling banks to invest in economy reduced reference interest rate signaling banks to invest in economy

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Saudis clear passenger flights

GMT 08:38 2017 Saturday ,25 November

Saudis clear passenger flights
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today 'Trash islands' off Central America indicate

GMT 20:19 2017 Friday ,24 November

'Trash islands' off Central America indicate
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Heidy underlines works like “Seventh Neighbor”

GMT 13:59 2017 Thursday ,23 November

Heidy underlines works like “Seventh Neighbor”
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:39 2017 Thursday ,23 November

Air China suspends flights to North Korea

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday