Central bank cuts key policy rate to 6 percent
The Executive Board of the National Bank of Serbia (NBS) decided on Thursday to trim the key policy rate by 0.5 percentage points and set it at six percent.
Thursday, 11.06.2015.
14:16
Central bank cuts key policy rate to 6 percent
"This will be achieved owing to the monetary policy measures implemented so far, and to the impact of regulated prices and prices of oil derivatives, which had a temporary disinflationary effect in the previous period," a statement added.The Board "estimates that continued relaxation of the monetary policy will boost credit activity, adding that the banks are expected to respond adequately, by reducing interest rates, particularly on dinar loans, in order to support the growth of economic activity in the coming period."
The next meeting of the NBS Executive Board on the key policy rate is scheduled for July 9.
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