He believes that inflation will oscillate close around 2% in the coming years.
The fiscal policy also contributed to the highly positive result of last year through the action of the automatic stabilisers supplemented with proactive tools to underpin the corporate sector, such as the governmental guarantees for loans through a number of COVID schemes. The various versions of the Antivirus scheme, which helped to slow down the growth of unemployment quite significantly, played an important role in respect of households’ disposable income. The effect of the extra ‘facemask allowance’ for pensioners at the end of last year and the lowering of personal income taxes in connection with the abolishment of ‘super gross wages’ will significantly boost household consumption this year.