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23/12/2016

On the eve of the New Year and Christmas holidays, the Governor of the Central Bank of Montenegro, Mr. Radoje Žugić, hosted today a working breakfast with the representatives of the Montenegrin media.

The Governor informed the media representatives of the directions of Central Bank’s activities in 2017 that are aimed at achieving objectives of the functions under the competence of the CBCG, and that are defined in the current Policy and Guidelines for 2017. 

In communication with the media representatives, the Governor underlined that the CBCG’s activities for this year are aimed towards achieving a countercyclical effect and putting a stronger focus on the recovery of the real economy. Thus, in addition to primary objectives, the activities are directed towards reducing the two key risks as regards the stability of the economic system, i.e. towards strengthening of liquidity (along with the recovery) of the real sector and contributing to the reduction of fiscal pressures, without jeopardizing the independence of the Central Bank.

In addition, it was emphasised that the Central Bank has its part in communication with the media, striving to use the cooperation regarding the exchange of information to increase the effectiveness of all measures under the competence of the Central Bank and contribute to the strengthening of the financial system and its better understanding in the public.