To read further, please register free and login
[s2If !current_user_can(access_s2member_level1)][lwa][/s2If] [s2If current_user_can(access_s2member_level1)]

Market Update: Serbia Leaves Interest Rate Unchanged as Expected
The National Bank of Serbia kept its benchmark interest rate at 1% for a 5th straight month, as expected, during its June meeting. The central bank stated that past monetary and fiscal policies are expected to continue, and expected financing conditions for businesses and households would remain favourable, while boosting their disposable income. Serbias economy advanced 1.7% year-on-year in the first quarter, above the 1.2% growth seen in preliminary estimates. Serbias inflation rate quickened to a 2-year high of 2.8 percent in April of 2021 and the executive board expects that it will inch higher in May, due to the low base from last year. In deciding to keep the interest rate unchanged, the bank said the international environment is still largely affected by the course of the pandemic, and the recovery will remain uneven across countries. source: National Bank of Serbia [/s2If]
Join Our Telegram Group