National Bank of Serbia

November 9, 2017

Having been cut by 50 basis points at the prior meeting of the Serbian central bank executive board a month ago, officials made no further change at this time. The policy rate stays at 3.5%. There were two 25-basis point cuts made in 2016, 350 basis points of reduction in 2015, 150 bps of cuts in 2014, and 275 bps of reduction in the final three quarters of 2013. After recent changes, NBS officials consider the fiscal landscape more favorable, and inflation expectations are anchored and consistent with a target corridor of 1.5-3.5%. Actual inflation in the first half of 2018 probably will lie in the lower half of that band, according to a released statement.

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



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