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Serbia´s National Bank Fights Against Inflation
Politics ♦
Published: October 9, 2012; 20:48 ♦ (Vindobona)
Today, the Serbian National Bank raised the base rate from 10.50% to 10.75%. IMF has lowered the economic outlook for Serbia.
Serbia´s National Bank Fights Against Inflation / Picture: © Serbian National Bank
The interest increase is due to the higher inflation expectations. The growth of food prices would be higher than expected, the Council of NBS said. Now, the interest increase should top the spillover to other prices.
Moreover, the decrease in aggregate demand and the austerity measures will reduce the inflation pressure too. At the end of August, the Serbian inflation rate came…
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