Yugoslav c banker expects 15% inflation this year

YUGOSLAVIA - Following the rise in petrol prices, the 2002 inflation will not exceed 15 per cent and will amount to about nine per cent in 2003, which is why Yugoslav National Bank (NBJ) will lower the obligatory bank reserves rate, Yugoslav National Bank Governor Mladjan Dinkic said on Friday.

Speaking before the Association of Yugoslav Banks, Dinkic announced the reduction of the current 20-per-cent obligatory bank reserves in 2003 in order to create conditions for lowering inflation, Tanjug

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