Thursday, March 8, 2018

Serbia postpones board meeting until March 14

      Serbia's central bank said it had postponed the interest-rate setting meeting of its executive board until March 14 from today March 8 "due to other commitments of board members."
      The National Bank of Serbia (NBS) has kept its key policy rate steady at 3.50 percent this year after cutting it twice last year by a total of 50 basis points.
       Most economists had expected the NBS to continue to maintain the rate at today's board meeting against a backdrop of a decline in inflation in January to 1.9 percent and upward pressure on the dinar against the euro that has triggered several rounds of intervention in currency markets.
       At its previous meeting in January, the board said it expected inflation to move within its tolerance range although it was likely to drop below the midpoint in the first half of this year due to the comparison with last year when there were several one-off price increases.
      The NBS targets inflation of 3.0 percent, plus/minus 1.5 percentage points.



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