National Bank of Serbia

February 12, 2015

Three Serbian central bank interest rate cut occurred last year — each by 50 basis points in May, June and November.  The Executive Board’s CPI target is 2.5-3.5%, and sub-target inflation of 1.7% now reflect what officials consider temporary disinflationary factors.  In a statement released today,they consider a return to in-target inflation likely by mid-2015 and note that the dampening effect on economic growth from previous flooding is wearing off.  The Board next meets March 12.

Copyright 2015, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.

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