New NBS measures won’t cause problems

Presidential economic advisor Jurij Bajec said that he does not expect the new measures of the central bank to interfere with Serbia’s arrangement with the IMF.

Izvor: B92

Saturday, 08.05.2010.

10:27

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Presidential economic advisor Jurij Bajec said that he does not expect the new measures of the central bank to interfere with Serbia’s arrangement with the IMF. The National Bank of Serbia (NBS) has increased the credit limit from 30 to 40 percent of a person's wage and from 50 to 60 percent for housing loans. New NBS measures won’t cause problems The condition for increasing the limit is for the largest part of the loan to be in the currency that the citizen is getting paid in, and banks would decide on their own who would be allowed to take out more credit. One of the effects that is expected from this measure is an increase in spending, but the question remains of whether the spending would help increase production. Bajec told B92 that he does not expect the new measures to be a problem in the next talks between Serbian officials and members of the International Monetary Fund, who will be in Belgrade next week to continue talks.

New NBS measures won’t cause problems

The condition for increasing the limit is for the largest part of the loan to be in the currency that the citizen is getting paid in, and banks would decide on their own who would be allowed to take out more credit.

One of the effects that is expected from this measure is an increase in spending, but the question remains of whether the spending would help increase production.

Bajec told B92 that he does not expect the new measures to be a problem in the next talks between Serbian officials and members of the International Monetary Fund, who will be in Belgrade next week to continue talks.

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