Rate round-up

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A number of central banks have in the past week decided to cut rates amid weak growth and continued uncertainty in the global economy.

Serbia

Last Tuesday the National Bank of Serbia's Monetary Policy Committee decided to lower the key policy rate by 0.5 percentage points to 9% as part of its plans to set interest policy's towards a normal path.

In a press conference, the now departing governor Radovan Jelašić maintained that a stronger-than-xpected slowdown in inflation, low aggregate demand

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