LAST MINUTE NEWS: Central Bank: Banking Sector Capital Structure Maintains Strong Outlook

The Central Bank’s Financial Stability Report has been released. The following statements were included in the report:

“The continuation of the epidemic limits the recovery in the service sector, especially in tourism.

The capital structure of the banking sector maintains its strong outlook.

While the national macroeconomic environment improved somewhat, inflation and current account risks remained significant.

The effect of restrictive monetary policy will become evident over the remainder of the year.

The expected improvement in the current account and the outlook for inflation will support macro-financial stability.

Restrictive monetary policy will act as a buffer against external and temporary volatility.

Improving the foreign exchange position of companies increases the resilience of their financial institutions to changes in exchange rates.

The observed improvement in the current account will continue over the coming period.

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