National Bank of Serbia

March 17, 2016

Serbia’s key monetary policy interest rate was left unchanged in March.  Last year saw seven 50-basis point reductions between March and October, and an eighth cut, this time of 25 basis points, was enacted in February of 2016.  Inflation lies above target, but a released statement today predicts a downtrend coming that will return inflation to target sometime around late 2016/early 2017.  It is hoped that ” further monetary policy easing by the ECB in March this year should contribute to the mitigation of external risks.”

Copyright 2016, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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