{"id":25160,"date":"2011-11-12T15:41:00","date_gmt":"2011-11-12T20:41:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/2011\/11\/12\/national-bank-of-serbia-cuts-rate-75bps-to-10-00\/"},"modified":"2011-11-12T15:41:00","modified_gmt":"2011-11-12T20:41:00","slug":"national-bank-of-serbia-cuts-rate-75bps-to-10-00","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/11\/12\/national-bank-of-serbia-cuts-rate-75bps-to-10-00\/","title":{"rendered":"National Bank of Serbia Cuts Rate 75bps to 10.00%"},"content":{"rendered":"<p><span><span><span>The&nbsp;<a href=\"http:\/\/www.nbs.rs\/internet\/english\/index.html\">National Bank of Serbia<\/a><\/span><\/span><span><span>&nbsp;cut its 2-week repo rate by 75 basis points to 10.00% from 10.75% previously. &nbsp;The Bank said:&nbsp;&#8220;Inflation continued down, in accordance with the NBS projection from the August Inflation Report. It is expected to decline further in the coming period. The key disinflationary factors will be weaker cost-push pressure on food prices, low aggregate demand and slower growth in administered prices. The process of disinflation will also be aided by the continued drop in inflation expectations.&#8221;<\/span><\/span><\/span><br \/><span><\/span><br \/><a name='more'><\/a>The Bank also cut the&nbsp;<a href=\"http:\/\/www.centralbanknews.info\/2011\/10\/national-bank-of-serbia-cuts-further.html\">interest rate<\/a><span> by 50bps in October, and&nbsp;<\/span><a href=\"http:\/\/www.centralbanknews.info\/2011\/09\/national-bank-of-serbia-cuts-rate-50bps.html\">50bps<\/a><span> in September, after pausing in&nbsp;<\/span><a href=\"http:\/\/www.centralbanknews.info\/2011\/08\/monetary-policy-week-in-review-13.html\">August<\/a><span>, while previously the Bank reduced the&nbsp;2-week repo rate&nbsp;by 25 basis points to 11.75% at its July meeting, and cutting the rate&nbsp;<\/span><a href=\"http:\/\/www.centralbanknews.info\/2011\/06\/serbia-central-bank-drops-rate-50bps-to.html\">50 basis points<\/a><span>&nbsp;at its June meeting to 12.00%. &nbsp;Serbia reported&nbsp;inflation&nbsp;of 10.5% in August, compared to 12.1% in July, 12.7% in June, 13.4% in May, 14.7% in April, and above the bank&#8217;s inflation target range of 3-6%. &nbsp;<\/span><\/p>\n<div><span><span><br \/>The&nbsp;IMF&nbsp;is forecasting 2011 GDP growth in Serbia of 2%, and 3% in 2012. &nbsp;The Bank next meets on the 8th of December. &nbsp;The Serbian Dinar (RSD) last traded around 74.3 against the US dollar.<\/span><br \/> <\/span><\/p>\n<div><span><span><span><a href=\"http:\/\/www.centralbanknews.info\/\">www.CentralBankNews.info<\/a><\/span><\/span><\/span><\/div>\n<\/div>\n<div><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-2900240660619429355?l=www.centralbanknews.info\" alt=\"\" \/><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;National Bank of Serbia&nbsp;cut its 2-week repo rate by 75 basis points to 10.00% from 10.75% previously. &nbsp;The Bank said:&nbsp;&#8220;Inflation continued down, in accordance with the NBS projection from the August Inflation Report. It is expected to decline further in the coming period. The key disinflationary factors will be weaker cost-push pressure on food prices, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/11\/12\/national-bank-of-serbia-cuts-rate-75bps-to-10-00\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;National Bank of Serbia Cuts Rate 75bps to 10.00%&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-25160","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/25160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=25160"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/25160\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=25160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=25160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=25160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}