National Bank of Serbia

July 7, 2016

Serbia’s central bank policy interest rate was cut to 4.0% today from 4.25%, where such had been since a similar-sized cut in February.  The rate was previously reduced by 3.5 percentage points in seven moves during 2015.  A statement released by monetary officials today stressed that expected inflation has been falling and that lower inflation is likely to persist.  Officials also mentioned the elevation of external risks caused by the recent British vote to leave the European Union.  Macroeconomic trends in Serbia have in fact been improving.

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

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