Regulatory Alerts2004-12-23
Monetary Policy Programme of the National Bank of Serbia for 2005
The National Bank of Serbia issued its 2005 Monetary Policy Programme to target inflation reduction to between 9% and 10% while preserving financial system stability. The central bank commits to a freely formed exchange rate, liberalizing the foreign exchange market, and utilizing indirect monetary instruments such as repo operations to manage liquidity. Additionally, the document outlines projections for monetary aggregate growth and mandates the continued strengthening of banking and insurance supervision in compliance with international standards.
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