National Bank of Serbia

June 7, 2018

Serbia’s key interest rate has been cut twice already this year by 25 basis points each in March and April, but the latest review left the rate unchanged at 3.0%. According to a statement from the Executive Board of the central bank there, the earlier easing should help lift April’s 1.1% on-year inflation rate, and such should reach the 3% target midpoint sometime in the second half of next year. International uncertainties warrant policy caution, but officials believe that Serbia’s economy has become more resilient against these dangers.

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

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