Regulatory Alerts2009-12-22
Monetary Policy Programme of the National Bank of Serbia in 2010
The National Bank of Serbia issued its 2010 Monetary Policy Programme to achieve an inflation target of 6%±2 percentage points while supporting financial stability and sustainable economic growth. The central bank utilizes the two-week repo rate as its primary instrument to guide inflation expectations through a linearly declining target path, employing foreign exchange interventions only to limit excessive volatility. This framework mandates transparent communication with the public and requires formal notification to the Government if inflation deviates from the target band for more than six consecutive months.
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