Regulatory Alerts2020-12-16
Monetary Policy Programme of the National Bank of Serbia in 2021
The National Bank of Serbia sets its 2021 inflation target at 3.0% with a tolerance band of ±1.5 percentage points to maintain price stability and support economic recovery. The central bank will utilize the key policy rate and other monetary instruments to sustain bank liquidity and manage financial stability while coordinating with fiscal authorities. Additionally, the programme outlines continued efforts to reduce non-performing loans, promote dinarisation, and enhance the payment system to mitigate currency risks and improve monetary policy transmission.
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