Inflation Report

Inflation Report contains information on the current and expected inflation, analysis of underlying macroeconomic developments, explanation of the reasoning behind the decisions of the Monetary Policy Committee and an assessment of the monetary policy efficiency as implemented during the previous quarter. Integral parts of this report are inflation projection for at least four quarters in advance, assumptions on which such projection is based and an analysis of the basic risks involved in achievement of target inflation.

Last Issue - February 2010 (PDF)

Text boxes published in the last issue:

A year into fully-fledged inflation targeting – the NBS’s objective for 2009 achieved
Fiscal policy and deficit financing in 2010
Economic crisis and potential output levels

Text boxes published in the previous issues

Tables and Charts (XLS):

• II Monetary policy since the November Report
• III Inflation developments
• IV.1 Inflation determinants - Money market developments
• IV.2 Inflation determinants - Movements in the foreign exchange market and the exchange rate
• IV.3 Inflation determinants - Capital market developments
• IV.4 Inflation determinants - Aggregate demand
• IV.5 Inflation determinants - Economic activity
• IV.6 Inflation determinants - Labour market developments
• IV.7 Inflation determinants - International environment
• V Inflation projection
• Table A, B
• MPC Meetings and Changes in the Key Policy Rate
• Text boxes - Tables and charts

Tables and charts are available in XLS format as of November 2009.