Serbian Interest Rate Cut
September 11, 2015
On September 10, the National Bank of Serbia’s one-week repo rate was cut by 50 basis points for a sixth time since March. The rate has fallen from 8% at the start of the year to the new level of 5.0%. A released statement stresses, weak growth, low inflation, well-anchored expected inflation and the recent downward revision made by the ECB staff of projected growth in the common currency area. Monetary officials also reduced the reserve requirement ratio.
Copyright 2015, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: National Bank of Serbia
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