Serbia: Base rate cut to 5.00%

Thu, 01/10/2015

The Executive Board of the National Bank of Serbia decided to cut the base rate by 0.5 percentage points, to 5.00%.

The Executive Board stated that inflationary pressures remain low and inflation expectations are within NBS’s targets. The Executive Board has assessed that the resilience of the domestic economy towards international environment risks has increased owing in particular to fiscal consolidation, improved economic growth prospects, reduced external imbalances, and the expectation of another positive assessment of Serbia’s arrangement with the IMF (second review).


Contact:

Dragana Stijelja
Junior Corporate Actions and Tax Specialist
Global Securities Services Serbia
dragana.stijelja@unicreditgroup.rs