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Serbia: Key Policy Rate Cut to 10 Percent
Politics ♦
Published: November 8, 2013; 15:25 ♦ (Vindobona)
In its meeting on November 7, the NBS Executive Board voted to cut the key policy rate by half a percentage point, to 10 percent.
Serbia: Key Policy Rate Cut to 10 Percent / Picture: © National Bank of Serbia
As inflationary pressures and inflation expectations continue to subside, the Executive Board expects year-on-year inflation to fall close to the lower end of the target tolerance band in October. Inflation being already at a low level, future monetary policy measures will be geared at keeping it within the target tolerance band.
A decline in year-on-year inflation was prompted…
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