National Bank of Serbia: No Rate Change

September 11, 2014

For a third straight meeting of the Executive Board following back-to-back 50-basis point interest rate cuts on May 8 and June 12, Serbia’s key policy interest rate was left at 8.5%.  A released statement stressed uncertainties such as elevated geopolitical tension and the coming shift in Fed policy, which have the potential to weaken Serbia’s export markets and disrupt international capital flows.  Serbian inflation is currently below the 2.5-5.5% target band.  Prior to the aforementioned most recent interest rate changes, the key rate was reduced by 225 basis points over the final eight months of 2013.

Copyright 2014, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.



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