National Bank of Serbia

February 14, 2017

Similar to January’s Executive Board meeting, Serbian monetary officials agreed to leave they central bank interest rate at 4.0%, the level since a 25-basis point reduction seven months ago. There also was a 25-bp cut a year ago, 350 basis points of easing during 2015, 250 bps of easing in 2014 and 275 bps worth in April-December of 2013. A released statement notes that CPI inflation is expected to remain low, stable and within the 1.5-4.5% target range this year. It is currently at 1.6%. The statement mentions persistent uncertainties related to external developments and how this will affect international capital flows.

Copyright 2017, Larry Greenberg. All rights reserved. No secondary distribution without express permission.



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