I can see that NBS is aiming to achieve economic stability. Its main tasks by achieving price stability through monetary policy and by achieving financial stability which is a positive distinction.
Serbia currently has one of the highest base rates of interest in all of Europe.
Setting high interest rates usually means the economy is overheating due to people overspending, however, in Serbia where there is little economic activity high interest rates seem to be being used to ensure that the value of the dinar does not fall.
If anything interest rates in Serbia should be reduced, not increased. If we are going to be governed by the market system, then let the market influence the rate of the dinar, instead of using tools to keep it artificially high and which additionally slow an economy which needs activity.
This government should be encouraging the creation of small businesses, pushing the banks to lend, not increase the costs of lending...
Serbia currently has one of the highest base rates of interest in all of Europe.
Setting high interest rates usually means the economy is overheating due to people overspending, however, in Serbia where there is little economic activity high interest rates seem to be being used to ensure that the value of the dinar does not fall.
If anything interest rates in Serbia should be reduced, not increased. If we are going to be governed by the market system, then let the market influence the rate of the dinar, instead of using tools to keep it artificially high and which additionally slow an economy which needs activity.
This government should be encouraging the creation of small businesses, pushing the banks to lend, not increase the costs of lending...
I can see that NBS is aiming to achieve economic stability. Its main tasks by achieving price stability through monetary policy and by achieving financial stability which is a positive distinction.
I can see that NBS is aiming to achieve economic stability. Its main tasks by achieving price stability through monetary policy and by achieving financial stability which is a positive distinction.
Serbia currently has one of the highest base rates of interest in all of Europe.
Setting high interest rates usually means the economy is overheating due to people overspending, however, in Serbia where there is little economic activity high interest rates seem to be being used to ensure that the value of the dinar does not fall.
If anything interest rates in Serbia should be reduced, not increased. If we are going to be governed by the market system, then let the market influence the rate of the dinar, instead of using tools to keep it artificially high and which additionally slow an economy which needs activity.
This government should be encouraging the creation of small businesses, pushing the banks to lend, not increase the costs of lending...
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