Kempinski Hotels to invest 70 mln euro in Romania ski resort
UPDATE 1 - Bulgaria's economy grows 1.8% y/y in Q3 - prelim data
Serbia posts 47.8 mln euro budget deficit in Jan-Oct
Bulgaria's economy grows 1.8% y/y in Q3 - prelim data
Bosnia’s Pro Fin suspends subscription for new issue of 3-yr notes
Dec 14, 2017 12:34 EEST
BELGRADE (Serbia), December 14 (SeeNews) – Serbia's central bank, the NBS, has said it will keep its countercyclical capital buffer (CCyB) rate unchanged at 0%.
The financial cycle of Serbia is at a stage in which the introduction of a CCyB rate above 0% could limit the credit activity, the NBS said in a statement on Wednesday.
Moreover, the estimated value of the deviation of the share of loans in the gross domestic product is below the reference value of two percentage points, the central bank said.
Based on data from September 2017, the share of total loans in the gross domestic product amounted to 76.3%, while the estimated value of the deviation of this share was -14.0 percentage points, the NBS added.
On December 8, the NBS said it will keep its key repo rate unchanged at 3.5% as the inflation rate is expected to remain within the 1.5%-4.5% target band in the short term.
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