Serbia lowers inflation target for next two years

National Bank of Serbia: first lowering of inflation target in four years
Photo: LukaP/Wikimedia Commons

Serbia's central bank has lowered its inflation target for 2017 and 2018 from 4% to 3%, it announced today (November 1). The most recent inflation figures for Serbia showed a steep drop below the current lower bound of the target rate.

This is the first lowering of the inflation target by the National Bank of Serbia (NBS) in four years. As before, the target will have a tolerance of plus or minus 1.5%. The NBS has been following a 4% inflation target since December 2012, a target announced in a

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