North Macedonia central bank, NBRM, announced it raised its key interest rate by 25 bps to 5.5%. The bank also stated that it anticipates a further deceleration in annual inflation in the coming months but highlighted that the future price dynamics of primary products on the stock exchanges remain highly uncertain. Food prices are surging in the region, leading to crippling budget deficits, high public debt, currency devaluation, and dangerous inflation levels.