Monday, January 17, 2011

National Bank of Serbia Lifts Key Rate 50bps to 12%

The National Bank of Serbia lifted the two-week repurchase rate by 50 basis points to 12% in response to rising inflation. Serbia recorded inflation of 10.3% in December as inflationary pressures increased, driven by 'rising regulated prices, inflationary expectations, higher food and global crude oil prices'.


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