National Bank of Serbia Extends Run of Rate Cuts
November 8, 2013
A reduction of 50 basis points in Serbia’s one-week repo rate to 10.0% brings the cumulative drop since May to 175 basis points. A released statement predicts inflation dropping soon to the low end of the target range also observes a diminished current account deficit, lower imported agricultural prices, planned fiscal consolidation, lower aggregate demand, a relatively stable dinar exchange rate, and the likelihood of continuing in-target inflation. The next meeting is December 12.
Copyright 2013, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: National Bank of Serbia