NBS keeps reference interest rate at 11,75 percent

The Executive Board of the National Bank of Serbia (NBS) decided on Thursday to keep the reference interest rate at 11,75 percent.

Izvor: Tanjug

Thursday, 11.04.2013.

13:39

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BELGRADE The Executive Board of the National Bank of Serbia (NBS) decided on Thursday to keep the reference interest rate at 11,75 percent. According to assessments, the existing level of monetary policy restrictiveness will ensure that the inter-annual inflation, whose growth slowed down in the first quarter of the year, continues to drop and return to the limits of the target inflation of four plus or minus one and a half percent. NBS keeps reference interest rate at 11,75 percent This is further supported by the low monthly inflation rates achieved in the past four months as the result of the measures implemented in the domain of monetary policy, the Executive Board of Serbia's central bank said. The Board qualified as positive the macroeconomic developments, reduced inflationary pressures and launched recovery in terms of economic activities based on export increase. On the other hand, the NBS Executive Board warned that the restrictiveness of the monetary policy in the next period, together with consistent implementation of fiscal consolidation, would affect the developments in the international environment concerning the situation on financial markets and perspectives of growth of Serbia's key foreign exchange partners. The next session of the NBS Executive Board concerning the reference interest rate would be held on May 13, NBS released. Tanjug

NBS keeps reference interest rate at 11,75 percent

This is further supported by the low monthly inflation rates achieved in the past four months as the result of the measures implemented in the domain of monetary policy, the Executive Board of Serbia's central bank said.

The Board qualified as positive the macroeconomic developments, reduced inflationary pressures and launched recovery in terms of economic activities based on export increase.

On the other hand, the NBS Executive Board warned that the restrictiveness of the monetary policy in the next period, together with consistent implementation of fiscal consolidation, would affect the developments in the international environment concerning the situation on financial markets and perspectives of growth of Serbia's key foreign exchange partners.

The next session of the NBS Executive Board concerning the reference interest rate would be held on May 13, NBS released.

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