Regulatory Alerts2013-12-19
Monetary Policy Programme of the National Bank of Serbia in 2014
The National Bank of Serbia establishes a 2014 monetary policy framework targeting annual inflation at 4.0% plus or minus 1.5 percentage points to maintain medium-term price stability. The central bank utilizes the interest rate on main open market operations as its primary instrument while maintaining a managed floating exchange rate regime to mitigate excessive volatility. Additionally, the programme mandates regular stress tests, continued financial market development, and transparent communication through published reports to anchor inflation expectations and ensure accountability.
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