Serbian Central Bank Moves Final Rate-Setting Meeting to Dec. 14

Serbia’s central bank will hold its final rate-setting meeting of the year on Dec. 14 instead of Dec. 6, the Belgrade-based Narodna Banka Srbije said.

The change was made “because of the obligations of Executive Board members,” the bank said on its website today.

The National Bank of Serbia has raised its benchmark rate five times since June by a total of 145 basis points, or 1.45 percentage points, to 10.95 percent, as it tries to tame inflation that reached 12.9 percent in October.

The bank officially targets year-end inflation of 4 percent, plus or minus 1.5 percentage points.

To contact the reporter on this story: Gordana Filipovic in Belgrade at gfilipovic@bloomberg.net

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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