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25/12/2024

The Council adopted the Decision Supplementing the Decision on Raising the Countercyclical Capital Buffer Rate, which increases this rate to 1%. CBCG previously analysed cyclical systemic risks in Montenegro, which pointed to intensified credit growth, a rise in real estate prices, and uncertainty caused by geopolitical circumstances. Banks are obliged to apply this rate from 1 January 2026.

It also adopted the Decision Supplementing the Decision on Macroprudential Measures Related to Retail Loans Granted by Credit Institutions. The Decision stipulates extending previously adopted macroprudential measures until 1 January 2026. These measures set specific maturity limits according to which credit institutions can grant cash loans to households under specific conditions to prevent the accumulation of risk in the segment of household loans that are not adequately collateralised.

The Council of the Central Bank of Montenegro also determined the Opinion regarding the Medium-Term Debt Management Strategy for the Period 2025-2027, with which the CBCG supported the adoption of this document with the comment that it has been analytically improved, informatively strengthened and represents a step forward compared to previous debt management strategies.

The Council also discussed other materials within its jurisdiction.