Regulatory Alerts2009-01-05
Monetary Policy Programme of the National Bank of Serbia in 2009
The National Bank of Serbia establishes its 2009 monetary policy to lower headline inflation from a midpoint of 10% to 8% using the two-week repo rate as the primary instrument. The central bank maintains a managed floating exchange rate regime and supports financial stability to mitigate the global economic crisis while continuing to develop market-based regulatory tools. Additionally, the institution commits to enhancing transparency and must formally notify the government if inflation deviates from the target range for more than six consecutive months.
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