National Bank of Serbia
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
National Bank of Serbia
August 10, 2017
The second of two 25-basis point interest rate cuts in 2016 was implemented in July of that year and left the rate level at its current 4.0%. Reductions had been made earlier totaling 350 basis points in 2015, 150 bps in 2014 and 275 basis points from April 2013 through the end of that year […] More
National Bank of Serbia
July 10, 2017
Starting in April of 2013, the Executive Board of the NSB cut Serbia’s policy interest rate by a total of 825 basis points from 12.25% to 4.0%. The reductions included 350 basis points in 2015 and, most recently, a pair a 25-bp cuts in February and July of 2016. A statement released today after the […] More
