Central bank raises key policy rate to 10.50%
The Executive Board of National Bank of Serbia (NBS) has raised the reference interest rate from 10.25 percent to 10.50 percent.
Thursday, 09.08.2012.
13:12
BELGRADE The Executive Board of National Bank of Serbia (NBS) has raised the reference interest rate from 10.25 percent to 10.50 percent. Inflation is expected to increase further in the coming period on the back of expected higher food prices due to a poor agricultural season, increase in import and administered prices, and low base effect from the prior year, the central bank said on Thursday. Central bank raises key policy rate to 10.50% In view of such developments and an increase in the country's risk premium, the Executive Board voted to raise the reference interest rate in order to moderate inflationary pressures and act preemptively to contain inflation expectations. The year-on-year inflation approached the upper bound of the target tolerance band in June, and it is expected to peak in the first half of 2013 and then start retreating towards the target. The Executive Board highlights that the degree of future monetary policy restrictiveness will depend on the dynamics of fiscal consolidation, food price movements, and international developments. At Thursday's meeting, the Executive Board considered and adopted the August inflation report, which will be presented to the public on August 15, 2012. Tanjug
Central bank raises key policy rate to 10.50%
In view of such developments and an increase in the country's risk premium, the Executive Board voted to raise the reference interest rate in order to moderate inflationary pressures and act preemptively to contain inflation expectations. The year-on-year inflation approached the upper bound of the target tolerance band in June, and it is expected to peak in the first half of 2013 and then start retreating towards the target.The Executive Board highlights that the degree of future monetary policy restrictiveness will depend on the dynamics of fiscal consolidation, food price movements, and international developments.
At Thursday's meeting, the Executive Board considered and adopted the August inflation report, which will be presented to the public on August 15, 2012.
3 Komentari
Možda vas zanima
Od srede novo pravilo u Beogradu: Ko ne ispoštuje, dobija kaznu i do 40.000 dinara
Od srede 8. maja, kada stupa na snagu Odluka o taksi prevozu koja je usvojena pre tri godine, sva taksi vozila moraju biti bele boje, podsetio je predsednik Privremenog organa Grada Beograda Aleksandar Šapić.
13:33
6.5.2024.
1 d
Rat – dan 801: Silni udari na Ukrajinu; Rusi zauzimaju; Harkov totalno uništen VIDEO
Rat u Ukrajini – 801. dan
23:46
5.5.2024.
1 d
Ukrajina je "pukla"?
Rusija udvostručila svoju ofanzivu u Donbasu tokom prošlog meseca, postižući značajan napredak dok Ukrajina čeka pojačanje u snabdevanju oružjem sa Zapada, navodi AFP.
12:03
7.5.2024.
7 h
Napadnut Krimski most
Saobraćaj na Krimskom mostu je blokiran zbog napada.
21:02
6.5.2024.
22 h
Dvostruki prvak Evrope ubijen u Ukrajini
Dvostruki evropski šampion u dizanju tegova Oleksandar Pelešenko poginuo je u ratu u Ukrajini.
16:15
6.5.2024.
1 d
Komentari 3
Pogledaj komentare