Central bank expects Serbian FX market to stabilise

Inside the National Bank of Serbia

The National Bank of Serbia will continue to "facilitate smooth functioning of the foreign exchange market" in 2015, the governor's office announced today, after revealing the central bank sold €1.8 billion last year.

In its bid to "ease excessive short-term volatility of the exchange rate", the central bank intervened in both directions in 2014, and also bought €260 million. Although the central bank is ready to intervene further, it expects to have less cause to act.

"The National Bank of

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