Senad Softić on governance, currency boards and EU convergence challenges

Central Bank of Bosnia and Herzegovina governor speaks about governance, managing a currency board and modernising payments

Credit: Lucy Stewart/Infopro Digital

What is the central bank’s outlook for Bosnia and Herzegovina’s (B&H) growth in 2023?

In late May, the Central Bank of Bosnia and Herzegovina (CBBH) updated its macroeconomic projections, revising up our current forecast of real GDP growth for 2023 to 1.6%. There are several factors behind the revision. The European Commission revised upwards its economic activity expectations for the EU for 2023, which is a proxy for foreign demand in our models. On the domestic side, projected household

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