National Bank of Serbia moves to shore up confidence
The executive board of the National Bank of Serbia (NBS) has voted to raise the benchmark interest rate and increase dinar reserve requirements in a bid to tackle rising inflation and halt the slide of the Serbian currency.
The NBS raised the main policy rate by 25 basis points to 10.5%, warning that year-on-year inflation had moved towards the top of its 2–4% tolerance band in June. The central bank cited rising food prices due to a poor harvest and higher import prices as factors behind the
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