National Bank of Serbia holds rates
Summertime inflation warrants restrictive policy, central bank says
Serbia’s central bank has held rates at 5.75% following its latest monetary policy meeting.
In a statement on September 11, the bank said the decision was primarily warranted by a rise in annual inflation from 3.8% in May to 4.9% in July. This, it said, was a consequence of adverse weather triggering a significant rise in unprocessed food prices.
The prices of food and non-alcoholic beverages had risen by 8.1% over the year to July, which the bank said accounted for “more than half” of headline
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