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Serbia: Key Policy Rate Raised to 11.50 Percent
Politics ♦
Published: January 18, 2013; 15:27 ♦ (Vindobona)
At its meeting today, the Executive Board of the National Bank of Serbia voted to raise the key policy rate by 0.25 percentage points to 11.50 percent.
Serbia: Key Policy Rate Raised to 11.50 Percent / Picture: © Vindobona.org
Following a one-month lapse, year-on-year inflation continued to rise in December, running above the upper bound of the target tolerance band and reaching 12.2 percent. Core inflation was also relatively high, measuring 8.2 percent in December. In addition, the earlier announced revisions of administered prices are yet to take place.
The response of monetary authorities aims to…
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