Serbia Raises Rate 20 Bps, Drops Warning Of New Hikes
Serbia’s central bank raised its key policy rate by another 20 basis points to 10.95 percent to reduce growing inflationary pressure and prevent higher food prices from spilling over to other prices. The National Bank of Serbia, which has raised rates five times this year for a total increase of 1.45 [...]
Serbia’s central bank raised its key policy rate by another 20 basis points to 10.95 percent to reduce growing inflationary pressure and prevent higher food prices from spilling over to other prices.
The National Bank of Serbia, which has raised rates five times this year for a total increase of 1.45 percentage points, said this increase should help reduce inflation to the bank’s target by the end of 2013, dropping its warning from last month that it may have to … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards