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Serbia: National Bank Cuts Key Policy Rate
Politics ♦
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: © Vindobona.org
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…
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