Serbia Raises Rate 25 Bps, Sees Inflation At Target End-2013
Serbia’s central bank raised its benchmark interest rate by 25 basis points to 11.75 percent, a surprise to most economists who expected rates to remain steady, with the National Bank of Serbia saying it expects inflation to begin to decline and reach its target by the end of this year. The [...]
Serbia’s central bank raised its benchmark interest rate by 25 basis points to 11.75 percent, a surprise to most economists who expected rates to remain steady, with the National Bank of Serbia saying it expects inflation to begin to decline and reach its target by the end of this year.
The central bank, which last raised its rate in January following total rate rises of 175 basis points in 2012, said inflation should start to ease due to its tight monetary stance, a … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards