National Bank of Serbia Keeps Policy Settings Unchanged
September 8, 2016
Serbia’s central bank interest rate had earlier this year been cut by 25 basis points in both February and July, and it now is at 4.0%. It was previously reduced by 50 basis points on seven occasions in 2015 from 8% prior to March of that year. Following the latest executive board meeting, a statement released by officials expressed confidence that inflation would drift upward into the target range in the first half of 2017 because of a lessening drag from oil prices, rising inflation abroad, and domestic demand improvement. Serbia, moreover, seems more resilient against external shocks.
Copyright 2016, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: National Bank of Serbia
ShareThis
