Serbia cuts rates to record low due to falling inflation
Executive board highlights slowdown in global trade, growth and looser policies in major economies
The National Bank of Serbia reduced rates to a new record low due to weak inflation, global trade uncertainty and looser policies in major economies, the central bank said on August 8.
The executive board implemented a 25 basis points reduction in the key policy rate, which now stands at 2.5%. This is the lowest level since Serbia adopted an inflation targeting regime in 2009.
The decision follows the rate cut the central bank implemented less than a month ago, and is primarily due to lower
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