SERBIA - Successful cabinet reshuffle averts early parliamentary elections | Eurobank
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SERBIA - Successful cabinet reshuffle averts early parliamentary elections

• The departure of the party of the regions (URS) from the government coalition has decreased parliamentary backing to a slim and fragile majority
• Even though budget performance improved in July, sustained and sizeable fiscal consolidation effort is still missing
• Monetary easing paused: NBS left interest rates unchanged at 11% for a second consecutive month in August and is expected to leave them unchanged again in September