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BELGRADE (Serbia), February 14 (SeeNews) - Serbia's central bank said on Wednesday it expects Serbia's inflation to stay on target at about 3% over the next two years, with a possible deviation of 1.5% in either direction.
In conditions of low inflationary pressure and based on other both domestic and international factors, inflation will move closer to the lower limit or 1.5% in 2018, the central bank said in a publication.
In the medium term, however, a gradual recovery of domestic demand should influence moderate inflation growth and its continued movement within the target band, the central bank noted.
Last month Erste Group said it expects Serbia's inflation to stay below the middle of the 1.5%-4.5% target band of the country's central bank in the first half of 2018 and to quicken afterwards.