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Serbia: Key Policy Rate Kept at 11.75%
Politics ♦
Published: March 13, 2013; 10:55 ♦ (Vindobona)
The Executive Board of the National Bank has decided in its meeting to keep the key policy rate at 11.75%.
Serbia: Key Policy Rate Kept at 11.75% / Picture: © Serbian National Bank
The Executive Board estimates that the present degree of monetary restrictiveness ensures, all other things unchanged, a return of inflation within the target tolerance band by the end of the year. Although year-on-year inflation is above the target, this estimate is underpinned by the low monthly rates of inflation during the last four months as a result of the monetary measures taken…
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