Serbia
No Change in Serbian Key Interest Rate But Bias Remains Downward
May 19, 2010
Officials at the National Bank of Serbia left the two-week repo rate at a record low of 8.0% at today’s fortnightly policy meeting. Three cuts of 50 basis points apiece have already been implemented in 2010 at meetings on march 23, April 8 and May 11, and those easings followed eight cuts spaced out in […] More
A Ninth and Unexpected Interest Rate Cut in Serbia
March 23, 2010
The National Bank of Serbia implemented its first policy interest rate reduction of 2010. The two-week repo rate cut to 9.0% from 9.5% had not been anticipated. The rate had crested at 17.75% in the final quarter of 2008 but was cut eight times in 2009. The timing and amount of those cuts were 125 […] More
Dollar Up Slightly
March 23, 2010
On the day after the House approved healthcare reform, the dollar has risen 0.6% against sterling, 0.3% relative to the euro, 0.2% against the yen and Australian dollar and 0.1% against the Canadian, Swiss and New Zealand currencies. Chicago Fed President Evans implied at least six more months before the fed funds target is raised. […] More
