National Bank of Serbia

March 14, 2017

Serbian monetary officials retained a 4.0% key interest rate, observing that inflation is hovering near 3.0%, the mid-point of its 1.5-4.5% target range and expected to remain with that corridor. There was a single 25-basis point cut last year in July. Starting in April 2013, the rate was slashed by 275 basis points by yearend, 150 bps in 2014 and 350 basis points of rate reduction in 2015. The current 4% level is a touch less than a third of the 12.25% when this easing began.

Copyright 2017, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

Tags:

ShareThis

Comments are closed.

css.php