ECB cut prompts record FX intervention in Serbia


The National Bank of Serbia (NBS) has made a record purchase of foreign exchange in an effort to resist capital flows resulting from the European Central Bank's (ECB) rate cut on November 7.

In a statement, the central bank said it had bought €100 million ($135 million) to "mitigate excessive daily exchange rate oscillations", which it said was its largest ever intervention "on the purchase side".

A number of central banks in Europe have felt the impact of the ECB's surprise rate cut. The same d

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: