Serbia’s Central Bank Postpones Rate-Setting Meeting to March 12

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.

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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