Nadiya

[Svetlana]

The NCB hikes interests rates as it combats inflation, Comission for Fair and Humane Development established while 3 new big banks emerge: after the storm, comes sunshine

Petrograd, Kozaki. Following the release of the 5667 economic forecast in March and the wave of investments coming to Nadiya due to the recent radical structural and financial reforms brought by Evelina as governor of the NCB, the Nadiyan confederation finds itself gripped by a rather high monthly average inflation of 8% so in order to fight the spike in prices and maintain the new value of the NRB, Evelina announced in a press vonfconference that the bank will increase intrest rates to 7% in order to calm down inflation. She also announced that the bank will help the government in rolling out new laws that would allow for the decrease of inflation to a normal level of 1 to 2%. In addition during the press conference, Evelina was seen standing to a man known as Babkina Vladimir Igorievna, he used to work as an enforcer for the CERD in Rodashyam before climbing up the ladder to point where he was announced as the head of the newly created Commission for Fair and Humane Development under the direct control of the NCB. The new agency will have to implement durable and long term investment and development plans that can uplift both the Nadiyan economy and it's people by working within the constitutional framework of a Socialized economy  but also help the constituent republics receive and successfully implement the economic stimulus packages sent and approved by Zarvosopol and Petrograd, and any republic that reroutes or fumbles the checks will be fined and punished by the government. When asked about what the agency's main focus will be for the upcoming years, Vladimir replied with "Personally I think that we have to focus on maintaining the current transparent and corruption free model put by the governor that helps us develop our economy in a healthy way that ensures a long term vision for the country alongside uplifting each of the republics to make them more balanced economically and equal to one another" he then added "As a matter of fact, my agency is happy to announce the adhesion of 3 new banks to the NCB's registry of 'strong and stable' institutions, those banks being the Nadiyan National Bank, the Bank for Development and Investment of Nadiya, and the Credit Standard who will become official partners of the central bank and the CFHD in helping making Nadiya one of the most prosperous nations in Terra."