Serbia:Central Bank initiated a monetary policy easing cycle | Eurobank
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Serbia:Central Bank initiated a monetary policy easing cycle

• NBS cut interest rates further by an additional 25 bps to 11.75% on July 7th, on top of the 50bps cut delivered on June 9th
• Inflation decelerated to 13.4% yoy in May, compared to 14.7% in April, strengthening the view that that inflation has already peaked
• Current account deficit deteriorated to 14.3% yoy in Jan-April, financed primarily by portfolio inflows