Economics
Serbia Cuts Europe’s Second Highest Rate on Inflation
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Serbia’s central bank lowered its benchmark interest rate, the second highest in Europe after Belarus, as slowing export growth dims the outlook for the economy and inflation concerns ease.
The Narodna Banka Srbije cut the two-week repurchase rate to 11.25 from 11.75 percent, the Belgrade-based bank said on its website today. Five of 21 economists in a Bloomberg survey forecast the decrease, while nine predicted a quarter-point lowering and seven saw no change.