Central bank governor: Inflation on downward trend

Governor of the National Bank of Serbia (NBS) Jorgovanka Tabaković has stated that inflation in the country "will be under control."

Izvor: Tanjug

Friday, 23.08.2013.

15:33

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BELGRADE Governor of the National Bank of Serbia (NBS) Jorgovanka Tabakovic has stated that inflation in the country "will be under control." She added that forex reserves amount to EUR 10.7 billion, but that Serbia still needs an arrangement with the International Monetary Mission (IMF). Central bank governor: Inflation on downward trend "Inflation is on a downward trend, its average monthly rate is at the level of 0.2 percent, as we announced, and it will be trimmed to the targeted level of four percent with a tolerance band of plus or minus 1.5 percentage points by October," Tabakovic said in an interview to Belgrade-based daily Vecernje novosti. The impression is that the participants in the financial market have recognized the government's will to promote the current environment in Serbia with the reshuffle and to complete the creation of a stable environment for business and investment, Tabakovic said. She added that Lazar Krstic, the candidate for the finance minister, is well suited for the job and stressed she is very glad that he returned to Serbia at the age of 29 and accepted this major challenge. Tabakovic also said that forex reserves stand at EUR 10.7 billion, which is much more than what is considered necessary, but that the country still needs an arrangement with the IMF, not because of the money, but rather because Serbia needs a good adviser and supervisor whose opinion will be shared by other international institutions. "Decisions of investors that will invest in their businesses in Serbia also depend on the assessment of these international institutions," the NBS governor concluded. (Beta, file) Tanjug

Central bank governor: Inflation on downward trend

"Inflation is on a downward trend, its average monthly rate is at the level of 0.2 percent, as we announced, and it will be trimmed to the targeted level of four percent with a tolerance band of plus or minus 1.5 percentage points by October," Tabaković said in an interview to Belgrade-based daily Vecernje novosti.

The impression is that the participants in the financial market have recognized the government's will to promote the current environment in Serbia with the reshuffle and to complete the creation of a stable environment for business and investment, Tabaković said.

She added that Lazar Krstić, the candidate for the finance minister, is well suited for the job and stressed she is very glad that he returned to Serbia at the age of 29 and accepted this major challenge.

Tabaković also said that forex reserves stand at EUR 10.7 billion, which is much more than what is considered necessary, but that the country still needs an arrangement with the IMF, not because of the money, but rather because Serbia needs a good adviser and supervisor whose opinion will be shared by other international institutions.

"Decisions of investors that will invest in their businesses in Serbia also depend on the assessment of these international institutions," the NBS governor concluded.

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