Regulatory Alerts2015-04-17
Monetary Policy Programme of the National Bank of Serbia in 2015
The National Bank of Serbia sets a 2015 inflation target of 4.0%±1.5 percentage points to maintain medium-term price stability while supporting financial stability and economic growth. The central bank will utilize interest rates on main open market operations and a managed floating exchange rate regime to achieve these objectives, alongside macro-prudential tools to strengthen banking sector resilience. The programme mandates transparent communication through regular reports and requires written notification to the Government if inflation deviates from the target for more than six consecutive months.
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