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Nov 16, 2017 15:54 EEST
November 16 (SeeNews) - Serbia's central bank governor Jorgovanka Tabakovic has said the country's risk premium has fallen to a historical low of around 120 basis points.
"Only during this year the risk premium more than halved, and since August it has been trending at a relatively stable level – around 120 basis points, its lowest level," Tabakovic said on Wednesday during the presentation of the central bank's November inflation report.
The reduction of the risk premium was chiefly due to the low and stable inflation, the reduced budget deficit, an increase in savings and a more favourable sovereign credit rating.
"To us, this means we can use both domestic and external sources of financing under more favourable conditions," Tabakovic said.
In the November inflation report, Serbia's central bank lowered its projection for the country's economic growth in 2017 to 2% from 3% estimated in August, due to the negative effects of supply-side factors in the first half of the year.
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