Inflation in 2022 will be the highest since Montenegro regained independence, it was stated at the meeting of the Council of the Central Bank of Montenegro (CBCG). This is stated in the Report on Price Dynamics for the 3rd quarter of 2022, which was adopted by the Council.
“It was noted that inflation is mainly imported, that is, caused by international market factors, while a smaller part is the result of internal imbalances. The model forecast for the end of 2022 suggests that inflation will range from 16.2% to 18.9% with a central forecast of 17.8%. The CBCG expert assessment forecasts an inflation rate in the range of 16% to 20%.
In order to fulfill the CBCG’s obligation to determine the countercyclical buffer rate on a quarterly basis, the Council adopted a Decision on the capital countercyclical buffer rate for the 1st quarter of 2023.