Serbia Holds Rates With Inflation Risks Eclipsing Slower Growth
Serbia kept borrowing costs unchanged for an eighth month as concern over inflation and rising global trade tensions prevailed over a sharp slowdown in economic growth amid months of public protests.
The National Bank of Serbia kept its one-week repurchase rate at 5.75% on Friday, as predicted by most analysts in a survey. Only three out of 17 economists expected a quarter-point cut. Inflation has hovered around the upper end of the central bank's tolerance range since July and was at a 4.4% annual rate in March.
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