C. bank chief expects lower inflation
National Bank of Serbia (NBS) Governor Dejan Šoškić says the inflation in Serbia will reach its maximum in the second quarter of 2011.
Monday, 14.03.2011.
13:10
National Bank of Serbia (NBS) Governor Dejan Soskic says the inflation in Serbia will reach its maximum in the second quarter of 2011. After that it is expected that the figure will gradually fall and move towards the inflation target by the end of the year, said the central bank chief. C. bank chief expects lower inflation At a news conference in Belgrade on Monday, Soskic pointed out that the main factors of inflation in the first half of 2011 will be the rise in food prices, the global oil price movements and the rise in state-controlled prices. "High interannual inflation rates in this period are influenced by the low base rate in the first months of 2010," he said. Soskic stressed that the inflation is expected to drop in the second half of 2011 and the beginning of 2012, as a consequence of a relative decline in food prices and low aggregate demand. In addition, the restrictive monetary policy pursued so far is expected to have anti-inflaction effects in the second half of 2011, he stated. Dejan Soskic addresses reporters (Beta)
C. bank chief expects lower inflation
At a news conference in Belgrade on Monday, Šoškić pointed out that the main factors of inflation in the first half of 2011 will be the rise in food prices, the global oil price movements and the rise in state-controlled prices."High interannual inflation rates in this period are influenced by the low base rate in the first months of 2010," he said.
Šoškić stressed that the inflation is expected to drop in the second half of 2011 and the beginning of 2012, as a consequence of a relative decline in food prices and low aggregate demand.
In addition, the restrictive monetary policy pursued so far is expected to have anti-inflaction effects in the second half of 2011, he stated.
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