Another Serbian Central Bank Interest Rate Cut

October 16, 2015

The National Bank of Serbia’s policy rate was cut this past Wednesday by 50 basis points to 4.5%.  This was the seventh 50-bp reduction since March.  A released statement defends the move because of several factors:  continuing sub-target inflation, a stable exchange rate amidst earlier monetary easing, favorable fiscal and balance of payments developments, and “the global slowdown in economic growth, which could result in longer-than-expected pursuit of accommodative monetary policies by advanced economies.”  November’s policy meeting is scheduled for the 12th.

Copyright 2015, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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