Governor submits Annual Report 2021 to the National Assembly

Boštjan Vasle, Governor of Banka Slovenije, has submitted its 2021 annual report to Urška Klakočar Zupančič, president of the National Assembly. Over the days ahead he will make a comprehensive presentation of the annual report to the National Assembly’s finance committee and the National Council’s economics, small business, tourism and finance committee.

The key messages of this year’s annual report include last year’s economic recovery and the handling of the new crisis. We explain that economic policy remained accommodative for the majority of last year, which was a major factor in economic activity exceeding its pre-pandemic level by the end of 2021, and the economy remained in good shape coming into this year. The beginning of this year was marred by Russia’s military aggression against Ukraine and all its consequences, where the Slovenian economy was not spared.

Banka Slovenije’s assessment is that we succeeded in fulfilling our mandate as set out by law, despite our work in 2021 again taking place in the backdrop of the Covid-19 pandemic. Our monetary policy helped to maintain macroeconomic stability, our macroprudential policy helped to maintain financial stability, and our microprudential policy helped to guide banks in their compliance with banking regulations.

Banka Slovenije also devoted particular attention to the wider social context, with a focus on young people, their financial literacy and cultural expression.