Inflation in Serbia will reach 13% by year's end

Inflation will reach 13% at the end of the year and decline in mid-2013, so it is expected to be within the target of four percent (plus/minus 1.5%) by its end.

Izvor: Tanjug

Monday, 24.12.2012.

15:23

Default images

BELGRADE Inflation will reach 13% at the end of the year and decline in mid-2013, so it is expected to be within the target of four percent (plus/minus 1.5%) by its end. National Bank of Serbia (NB)S Governor Jorgovanka Tabakovic told a news conference in Belgrade on Monday that the central bank would bring back the inflation within the target range by the end of next year, which is its key task. Inflation in Serbia will reach 13% by year's end Talking about challenges next year, she expressed hope the agricultural season could not be worse than this year's, when crops were decimated by a terrible drought. According to Tabakovic, the agricultural output should be at least average and contribute to the expected economic growth of 1.5 percent. Tabakovic reiterated that the NBS had no intention of spending foreign exchange reserves to finance any kind of production, but that it had instruments "for a nice, friendly way to persuade banks that it is best for them to do traditional bank work." Representatives of the NBS said the banking sector in Serbia was relatively stable and that they did not foresee any significant problems that could surface in the coming period. According to the central bank's projections, the GDP will drop two percent this year, but rise 2.5 percent next year. Tanjug

Inflation in Serbia will reach 13% by year's end

Talking about challenges next year, she expressed hope the agricultural season could not be worse than this year's, when crops were decimated by a terrible drought.

According to Tabaković, the agricultural output should be at least average and contribute to the expected economic growth of 1.5 percent.

Tabaković reiterated that the NBS had no intention of spending foreign exchange reserves to finance any kind of production, but that it had instruments "for a nice, friendly way to persuade banks that it is best for them to do traditional bank work."

Representatives of the NBS said the banking sector in Serbia was relatively stable and that they did not foresee any significant problems that could surface in the coming period.

According to the central bank's projections, the GDP will drop two percent this year, but rise 2.5 percent next year.

Komentari 1

Pogledaj komentare

1 Komentari

Možda vas zanima

16.700 vojnika raspoređeno: Počelo je... 6
Svet

16.700 vojnika raspoređeno: Počelo je...

Filipinske i američke trupe počele su danas vojne vežbe "Balikatan" u Filipinima, koje će trajati do 10. maja, a uključivaće i pomorske vežbe u Južnom kineskom moru, na čije teritorije polažu pravo i Kina i Filipini.

12:24

22.4.2024.

1 d

Podeli: