Serbia:Central Bank initiated a monetary policy easing cycle
Serbia:Central Bank initiated a monetary policy easing cycle
Emerging Markets Special Focus Reports
12 Ιουλίου 2011
• 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