National Bank of Serbia Extends Run of Rate Cuts

November 8, 2013

A reduction of 50 basis points in Serbia’s one-week repo rate to 10.0% brings the cumulative drop since May to 175 basis points.  A released statement predicts inflation dropping soon to the low end of the target range also observes a diminished current account deficit, lower imported agricultural prices, planned fiscal consolidation, lower aggregate demand, a relatively stable dinar exchange rate, and the likelihood of continuing in-target inflation.  The next meeting is December 12.

Copyright 2013, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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