National Bank of Serbia
May 17, 2016
Serbia’s central bank executive board left its main interest rate at 4.25%. There’s been just one change this year, a 25-basis point cut in February, but seven 50-basis point reductions were implemented last year. Serbia is one of many economies with inflation (0.4% in April) significantly below target (2.5-5.5%) but a likelihood of a rising trend over the balance of the year. A statement explaining today’s action also highlights “persistent uncertainties in the international commodity and financial markets [that]warrant caution in running monetary policy.” April is expected to mark the low point of on-year inflation.
Copyright 2016, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: National Bank of Serbia
ShareThis
