Regulatory Alerts2011-12-19
Monetary Policy Programme of the National Bank of Serbia in 2012
The National Bank of Serbia issued its 2012 Monetary Policy Programme to gradually lower annual inflation from 4.5%±1.5 percentage points to 4.0%±1.5 percentage points by year-end. The central bank will utilize the interest rate on main open market operations as its primary instrument to achieve this target while maintaining a managed floating exchange rate regime. The document also mandates transparent communication, continued dinarisation efforts, and formal coordination with the Government of Serbia to ensure fiscal policy alignment with inflation goals.
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