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Croatia: “Loose Monetary Policy Shows First Signs of Success”
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Published: January 17, 2014; 22:58 ♦ (Vindobona)
Boris Vujcic, governor of HNB (Croatian National Bank) thinks that the quantitative easing policy works.
Croatia: “Loose Monetary Policy Shows First Signs of Success” / Picture: © Vindobona.org
Due to the stagnant Croatian economy, the Croat National Bank tries to stimulate growth by boosting credits.
One of the major problems is that a large proportion of the Croatian corporate sector and thousands of households still have to pay for expensive loans they took prior to the financial crisis. Moreover, loans were often indexed to the euro or the Swiss franc. The current…
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