emg home
“Meeting with Buyers” to boost Serbia’s economic competitiveness International archaeological film festival opens Dacic: 18 persons arrested in 'Armageddon' action Macedonia prepared for all possible economic scenarios with its flexible budget Gov't of RS: Less money for Bosniak and Croat associations, no funds for fiscal council of BiH Russia's Nikonova wins Golden Alexander for 'Twilight Portrait' NBS reduces projected economic growth for 2012 Public procurement devour RSD 1.4 billion H.E. M.Davenport: Belgrade-Pristina dialogue should resume urgently Serbia needs 30 per cent university degree holders Global crisis significantly shifted support for democracy and markets, EBRD report shows Greece: Civil servants to hold strike on Tuesday Macedonian Culture Days event opens in Osijek Croatia: No radioactive iodine detected in air New Italian films in Croatian cinemas starting 15 November PM Berisha departs for a visit to Kingdom of Norway Montenegro signs agreement with EFTA 6.542 persons charged with corruption in Serbia Declaration on Kosovo not expected in next few days Classes in Banja Koviljaca school to resume Vienna festival awards to Serbian films Serbian government: Talks with the IMF end on Wednesday Dacic to attend opening of road M22.1 Ciric to open “Meeting with Buyers – Serbia Open 4 Business” Djelic presented publication "Guide to EU policies - freedom, security, justice" Dinar down by 0.1 percent Domestic furniture industry marks export growth President Tadic to visit United Kingdom Wednesday KPS still without suspect in Serb killing Ashton expects continuance of dialogue soon
RSS

NBS Vice Governor: Impact of Eurozone crisis on Serbia monitored

13. November 2011. | 06:52

Source: Tanjug

The Eurozone crisis and its potential impact on Serbia is also a topic in the talks with the delegation of the International Monetary Fund, which will be in Belgrade until November 15, as part of the first review under Serbia's precautionary arrangement.

National Bank of Serbia (NBS) Vice Governor Bojan Markovic said Saturday that the central bank is analyzing the crisis in some peripheral Eurozone countries and its impact on Serbia.

Markovic told Tanjug that the latest decrease of the reference interest rate, from 10.75 to 10 percent, was somewhat higher than the market expected, precisely as a reaction to the happenings in the Eurozone and the consequences this has for the Serbian economy.

The Eurozone crisis and its potential impact on Serbia is also a topic in the talks with the delegation of the International Monetary Fund, which will be in Belgrade until November 15, as part of the first review under Serbia's precautionary arrangement, he said.

The vice governor said he is optimistic about the outcome of the talks, noting that the main topic when it comes to monetary policy is confining inflation to the target range.

"We are obviously achieving good results," Markovic said, reminding that inflation is on a downward path - 9.3 percent in September, 8.7 percent in October and expected to keep dropping and get back inside the target range of four plus or minus one percent in the first quarter of 2012.

Talking about the budget bill for next year, Markovic pointed out less restrictive monetary policy will be possible if fiscal policy stays within fiscal rules and the budget system law.

This would give the central bank more room to react to the slower economic growth which is expected due to the Eurozone crisis, he added.

Share:

Del.icio.us
Digg
My Web
Facebook
Newsvine

Enter text:

<<

14. November - 20. November 2011.

>>