Serbia Cuts Interest Rate

Politics ♦ Published: October 21, 2013; 22:47 ♦ (Vindobona)

The executive board of the Serbian National Bank decided to lower the key policy rate by half a percentage point, to 10.5 percent.

Serbia Cuts Interest Rate / Picture: © Serbian National Bank

Consistent with the National Bank of Serbia’s expectations, y-o-y inflation has returned within the target tolerance band (4±1.5 percent), measuring 4.9 percent in September. The Executive Board judges that the key contribution to the inflation’s return to the target came from monetary policy measures, the fall in primary agricultural commodity prices, relative stability of the…