Serbia Raises Main Rate for Fifth Meeting Amid Inflation
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Serbia’s central bank increased borrowing costs for a fifth meeting as it battles to slow Europe’s second-fastest inflation.
The Belgrade-based Narodna Banka Srbije raised the one-week repurchase rate a quarter-point to 11.5 percent, the bank said today in a statement on its website. Eight of 22 economists in a Bloomberg survey predicted an increase, while 13 expected no change and one saw a quarter-point cut.