Mid-term inflationary expectations "4 percent"

BELGRADE National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic says inflationary expectations in the financial sector total 4.4 percent at the end of 2014. At the same time, mid-term expectations set the figure at four percent, she said. Mid-term inflationary expectations "4 percent" Addressing a news conference, Tabakovic said that "the low inflation rate in Serbia is the result of a positive monetary policy and the timely and moderate and conservative measures which NBS adopted in the past." Tabakovic noted that the central bank was "doing its best to prevent exchange rate oscillations from affecting the inflation rate and causing an inflationary spiral." “We do not want the fears of the citizens based on negative past experiences to prove founded, and investors are helping in this aspect as they will issue dinar-denominated securities at the end of 2013 or at the beginning of 2014 because they have a lot of trust in NBS measures,” Tabakovic said. She noted that the inter-annual inflation rate in November totaled 1.6 percent and was below the limits of the target rate, at a time when Serbia achieved a slight but positive GDP growth. (Tanjug) Tanjug

Mid-term inflationary expectations "4 percent"

Addressing a news conference, Tabaković said that "the low inflation rate in Serbia is the result of a positive monetary policy and the timely and moderate and conservative measures which NBS adopted in the past."

Tabaković noted that the central bank was "doing its best to prevent exchange rate oscillations from affecting the inflation rate and causing an inflationary spiral."

“We do not want the fears of the citizens based on negative past experiences to prove founded, and investors are helping in this aspect as they will issue dinar-denominated securities at the end of 2013 or at the beginning of 2014 because they have a lot of trust in NBS measures,” Tabaković said.

She noted that the inter-annual inflation rate in November totaled 1.6 percent and was below the limits of the target rate, at a time when Serbia achieved a slight but positive GDP growth.