National Bank of Serbia

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 […] More

National Bank of Serbia

May 10, 2018

Serbian monetary officials already had cut their policy interest rate by 50 basis points this year via two 25-bp moves in March and April. The half-percentage point reduction this year matched the total annual declines engineered in both 2016 and 2017 and followed a combined 500 bps in 2014-15 and 275 bps in the final […] More

National Bank of Serbia

April 12, 2018

The latest in a multiyear series of cuts in Serbia’s key policy interest rate has reduced such to 3.0% from 3.25%. There was also a 25-basis point cut in the March monthly meeting and, before that, a 50-basis point cut last October. Previous rate cuts totaled 2.75 percentage points in the final eight months of […] More

National Bank of Serbia

March 14, 2018

Serbia’s central bank policy rate was sliced today to 3.25% from 3.50%. The rate previously had been reduced by 275 basis points during the final 8 months of 2013, by 150 bps in 2014, 350 bps in 2015, and 50 bps each in 2016 and 2017 but not since last October. This additional easing after […] More

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. […] More

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 […] More

National Bank of Serbia

December 7, 2017

Serbia’s central bank executive board decided not to change its key policy rate which has been at 3.5% for the past two months. Such had been cut 275 basis points in the final eight months of 2013, 150 bps in 2014, 350 bps in 2015 and 50 basis points in 2016. This year’s only change […] More

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 […] More

National Bank of Serbia

October 9, 2017

In cutting Serbia’s monetary policy interest rate to 3.5% from 4.0%, the Executive Board of the National Bank of Serbia claimed to be “guided by the medium-term inflation projection and movements in key inflation factors.” The medium-term inflation target is 3.0%, give or take 1.5 percentage points, and the most recent on-year changes of total […] More

Market Spotlight on Turkey and Spain

October 9, 2017

On a day when holiday closures in the United States (Columbus Day), Japan (Health Sports Day), Canada (Thanksgiving), and South Korea (Hanguil Day) ordinarily might be expected to sap the market of leadership and thus depress volatility, there have been big movements affecting Turkey and Spain. A diplomatic dispute between Turkey and the United States […] More

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