Serbia cuts rate amid IMF call for action on debt overhang

The National Bank of Serbia

The National Bank of Serbia (NBS) today (May 11) cut its headline interest rate for the third month in a row, citing "persistently subdued" inflation.

Annual CPI inflation came in at 1.9% in March, below the NBS's tolerance band of 1.5 percentage points either side of its 4% target.

The central bank cut its headline interest rate 50 basis points to 6.5%, continuing an easing cycle that began when rates hit a peak of 11.75% in March 2013.



The action comes in the context of a report published

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