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Serbia
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Serbia's C-bank Cuts Repo Rate to 9.5% from 10%

Dec 29, 2009, 12:41:50 PMArticle by Iskra Pavlova
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BELGRADE (Serbia), December 29 (SeeNews) – Serbia’s central bank, NBS, on Tuesday lowered its key repo rate by 0.5 percentage points to 9.5%.

Serbia's C-bank Cuts Repo Rate to 9.5% from 10%

The rate takes effect as of Tuesday, NBS said in a statement without providing additional details. It added that governor Radovan Jelasic will elaborate on the decision at a news conference later in the day.

NBS last changed the repo rate on November 5, lowering it to 10% from 11%.

The next session of the central bank monetary committee will take place on January 12.

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