Croatian governor warns ECB spillovers are raising real estate prices

IMF should advise less separation between macro-prudential and monetary tools, Boris Vujčić says

Boris Vujčić
Boris Vujčić
Photo: HNB Božidar Bengez

Small, open economies need macro-prudential tools to preserve their space to carry out monetary policy, Croatia’s central bank governor said.

But Boris Vujčić said that even with a macro-prudential toolkit, Croatia’s real estate sector is seeing prices rise sharply due to spillovers from the eurozone. The National Bank of Croatia has adopted more macro-prudential policies in comparison with some other countries, Vujčić said in October 18 remarks at the International Monetary Fund. A senior IMF

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