![](/data/Image/EMGportalnikosslike/various/.thumb_financial_crisis.200x146.0075.jpg)
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.
Comments (0)
Enter text: