Serbia cannot stay immune to the trends in the global environment, particularly in the Eurozone which is why the Serbian Central Bank has once again revised its GDP growth evaluation for next year from 2% to 1.5%

Serbia’s Central Bank has once again lowered its reference interest rate by 0.75% making it now 10%, while from June till October it dropped by a total of 250 base points, guided by the decline in inflation pressures, and a dropping annual inflation, that will continue in the period to come, says the governor of NBS Dejan Soskic speaking about the macroeconomic trends at a press conference.

In October the growth of consumer prices was 0.4% and the inter-annual inflation was 8.7% he says, claiming that the drop in inflation expectations was commenced in October and that it continues in November. He specified that from April to October the inter-annual inflation fell by 6 points from 14.7 in April to 8.7 in October mainly as an affect of cheaper food products.

Serbia cannot stay immune to the trends in the global environment, particularly in the Euro zone which is why the Serbian Central Bank has once again revised its GDP growth evaluation for next year from 2% to 1.5% (based on higher net exports) and reminded that the initial prognoses were a growth of 2.5%, Soskic states, emphasizing that IMF expectations are similar too.