National Bank Serbia
January 11, 2018
Serbia’s central bank policy rate was lowered by 825 basis points from April 2013 though July 2016, but the executive board has implemented just a single 25-basis point cut in October 2017 to 3.5% during the subsequent year and a half. A released statement after the first policy review of 2018 notes that CPI inflation at end-2017 was 3.0% — the midpoint of a 1.5-4.5% target band — and projects that inflation is apt to be a little lower over coming months. Policymakers still perceive elevated external uncertainties such as direction of commodities and the evolution of the ECB and Fed monetary policies.
Copyright 2018, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: National Bank of Serbia
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