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.
Tags: National Bank of Serbia
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