Serbia’s central bank postponed its rate-setting meeting to March 12 from March 7, the bank said in a statement today on its website, without explaining the delay.
The Belgrade-based Narodna Banka Srbije has raised its one- week repurchase rate eight times since June by a cumulative 225 basis points, or 2.25 percentage points, to 11.75 percent as it battles to bring Europe’s second-highest inflation rate back to its target band.
Source Bloomberg
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