No Change in Serbian Key Interest Rate But Bias Remains Downward

May 19, 2010

Officials at the National Bank of Serbia left the two-week repo rate at a record low of 8.0% at today’s fortnightly policy meeting.  Three cuts of 50 basis points apiece have already been implemented in 2010 at meetings on march 23, April 8 and May 11, and those easings followed eight cuts spaced out in […] More

A Ninth and Unexpected Interest Rate Cut in Serbia

March 23, 2010

The National Bank of Serbia implemented its first policy interest rate reduction of 2010.  The two-week repo rate cut to 9.0% from 9.5% had not been anticipated.  The rate had crested at 17.75% in the final quarter of 2008 but was cut eight times in 2009.  The timing and amount of those cuts were 125 […] More

Dollar Up Slightly

March 23, 2010

On the day after the House approved healthcare reform, the dollar has risen 0.6% against sterling, 0.3% relative to the euro, 0.2% against the yen and Australian dollar and 0.1% against the Canadian, Swiss and New Zealand currencies. Chicago Fed President Evans implied at least six more months before the fed funds target is raised. […] More