Ljubljana stock exchange indices start week up
Zagreb bourse equity indices stagnate
Romanian stock indices start week mostly in the green, BVB shines
Bosnia's building permits up 28.7% y/y in Aug
Albanian gov’t officials convicted in incinerator corruption case
Dec 14, 2009 15:30 EEST
BELGRADE (Serbia), December 14 (SeeNews) – Serbia’s central bank on Monday kept its key repo rate unchanged at 10% and said that 2010 inflation will meet its target of 6.0% with a variation band of two percentage points on either side.
“Taking into account current monetary developments, the bank’s monetary board estimated that the bank’s monetary policy is bringing about results aimed at achieving the inflation target,” the central bank, NBS, said in a statement.
Inflation will meet the central bank's target provided government-controlled prices will grow by 11% plus/minus two percentage points, it said in its latest estimate. NBS expects the country's consumer price index (CPI) to rise by 7.5% this year compared to a 8.6% rise in 2008.
The NBS last changed the repo rate on November 5, lowering it to 10% from 11%.
Earlier this month the bank cut to 20% from 25% the share of mandatory reserves on euro deposits that commercial banks have to maintain in Serbian dinars, aiming to improve the dinar liquidity of the banking system.
You have run out of free articles this month.
Sign up in for
and get two (2) free articles more per month or sign up for
and get unlimited access.
Browse our free newsletter options