No bigger increase in interests ( 2008-11-04)
| Minister of Finance Igor Luksic said that the expected consequence of the global financial crisis in Montenegro will be reflected through certain growth of interest rates, which will influence the level of consumption in Montenegro. Luksic said that the increase in interest rates does not have to be drastic because the banking sector had already shown tendencies towards reducing margins. However, the reduction in consumption could reflect on somewhat slower economic growth next year, which is why the fiscal policy has to be formed to adequately respond to that. Luksic said that, first of all, the current budget has to have a surplus in order to avoid jeopardising the stability. (Republika) |
