National Bank of Serbia

February 8, 2018

Serbia’s policy interest rate was left at 3.5%. The last and only reduction of 2017 was implemented in October and a half percentage point in size. There had been previous cuts of  275 basis points in the final eight months of 2013, 150 bps in 2014, 350 bps in 2015 and 50 basis points in 2016. In a released statement, the central bank’s executive board observed that CPI inflation of 3% currently and 3% on average last year happens to be aligned with the medium-term target band center. They expect it to hover around there over the coming two years. While mindful that possible financial and commodity market shocks could present challenges to this premise, they took some comfort from the assertion that Serbia’s economy has become more resilient against external factors.

Copyright 2018, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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