Serbia maintains rate, still sees easing inflation in H1
Serbia’s central bank kept its key policy rate at 3.50 percent, as expected, confirming that it still expects inflation to move within its target tolerance band although it is likely to drop below the midpoint in the first half of this year due to the comparison with petroleum products that saw one-off hikes last year.
The National Bank of Serbia (NBS), which cut its late twice last year by a total of 50 basis points, added that domestic demand will work in the opposite direction on inflation, with today’s policy decision reflecting expected changes in inflation along with the impact of past policy easing.
Serbia’s inflation rate was steady at 2.8 percent in November and October, and was assessed to rise to 3.0 percent in December, the midpoint of the bank’s target range.
At its December meeting the central bank’s executive board confirmed its inflation target of 3.0 percent, with a tolerance range of plus/minus 1.5 percentage points, until 2020.
The NBS, which in recent weeks has been supporting the dinar in the foreign exchange market, said uncertainty in international financial market continues to prevail due to the divergence of monetary policies by leading central banks and this is affecting global capital flows towards emerging market economies, including Serbia.
The prices of commodities, especially oil that has risen in recent months, also adds uncertainty.
The dinar has strengthened against the euro since March 2017 and the NBS was reported to have sold euros against the dinar on Monday and in the final week of 2017 around 118.50 and 118.15.
Today the dinar was trading at 118.8 to the euro, up 3.6 percent since the start of 2017. The NBS keeps the dinar in a managed float against the euro.
The National Bank of Serbia issued the following statement:
Source: http://www.centralbanknews.info/2018/01/serbia-maintains-rate-still-sees-easing.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Lion’s Mane Mushroom
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, But it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes:
Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity.
Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins.
Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system.
Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome.
Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function.
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules. Today Be 100% Satisfied Or Receive A Full Money Back Guarantee Order Yours Today By Following This Link.