Central bank keeps key policy rate unchanged

Two weeks ago, when the NBS board upped the key policy rate by 3%, I figured that the only reasonable explanation for such a ridiculous movement would have been that the board must only meet every six months. At the time this made sense to me, as it fits perfectly with, for example, the current situation on Juzni Bulevar.

Now I read that the board sits every two weeks. Quite obviously then the problem is that no-one understands economics in Serbia.

Two weeks ago, when the NBS board upped the key policy rate by 3%, I figured that the only reasonable explanation for such a ridiculous movement would have been that the board must only meet every six months. At the time this made sense to me, as it fits perfectly with, for example, the current situation on Juzni Bulevar.

Now I read that the board sits every two weeks. Quite obviously then the problem is that no-one understands economics in Serbia.