Second Serbian Central Bank Rate Cut of 2019 Announced Today
August 8, 2019
The National Bank of Serbia’s Executive Board lowered the policy interest rate by 25 basis points. There had also been a reduction of that size last month. At 2.5% the rate is at a 10+ year low. But officials stressed a cautious approach in light of “global trade tensions, a possibility that monetary policy decisions of leading central banks might deviate from market expectations in the coming period, as well as movements of oil prices and other primary commodities in the global market.” Inflation in Serbia is currently at the floor of the 1.5-4.5% range of tolerance. Officials foresee domestic demand-led growth and continuing low inflation through the forecast time horizon.
Copyright 2019, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
Tags: National Bank of Serbia
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