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Serbia: Key Policy Rate Raised to 11.75 Percent
Politics ♦
Published: February 6, 2013; 10:28 ♦ (Vindobona)
In its meeting, the NBS Executive Board voted to raise the key policy rate by 0.25 percentage points to 11.75 percent.
Serbia: Key Policy Rate Raised to 11.75 Percent / Picture: © Serbian National Bank
The monetary policy response aims to prevent the spillover of growth in administered prices to other prices.
Establishing the annual dynamics of administered price adjustments will also help create conditions necessary for inflation to return and to stay within the target tolerance band. Another important factor in this regard is consistent implementation of the fiscal…
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