Matulsi recalls that the multinational bank had already indicated in the spring of 2021 that inflation would be permanent, and that the multinational bank was the first to take action against inflation in the European Union.
But we had to experience that we were alone
– He said, because the government did not present the measures in 2022 that it finally presented in 2023, a year and a half late – Matolksi interjected. According to the central bank governor, the central bank has pressed the brakes and the government has pressed the gas.
In 2021-2022, the government took measures to significantly increase inflation
– Tell. He pointed to measures to increase the deficit and freeze food prices.
Maybe the government wanted to put out a fire, but with oil
– He said and then mentioned it in October 2022
We were about the exchange rate crisis.
Finally, the government has begun combating inflation in 2023, and inflation is likely to fall to single digits by December.
The closeness of the exchange rate crisis and state bankruptcy last year was also discussed in a panel discussion:
The country was very close to an uncontrollable crisis at the end of last summer, when energy prices were at their peak, and it was not clear how the economy could deal with the challenges of external balance and the high demand for foreign currencies. However, by the end of the year, this tension had eased much, mainly due to lower gas prices and an emergency hike in interest rates by the central bank.
