National Bank of Serbia Keeps 8% Policy Interest Rate

December 11, 2014

The central bank’s executive board decided not to cut the benchmark rate further, have done so by 50 basis points each in May, June and, most recently, November of this year.  A released statement proclaims that “the monetary policy measures undertaken so far, gradual waning of disinflationary effects of low food production costs, and the expected administered price adjustment will contribute to inflation’s return within the target band by mid-2015.”

Copyright 2014, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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