Sponsored
Article Tools

Serbia: National Bank Cuts Key Policy Rate

Published: December 18, 2013; 18:10 · (Vindobona)

The NBS decided to cut key interest rate by half a percentage point as inflation remains on the lower target tolerance band.

Serbia: National Bank Cuts Key Policy Rate / Picture: © National Bank of Serbia

The National Bank of Serbia (NBS) Executive Board decided to cut the key policy rate by half a percentage point to 9.5%. The Executive Board stated that y-o-y inflation was 1.6% in November, and thus below the lower bound of the target tolerance band (4±1.5%).

In addition to monetary policy measures and relative stability of the exchange rate, sharp disinflation in conditions of…

This article includes a total of 201 words.

or Log In