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Romania & Serbia at different monetary policy paths

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Dr. Platon Monokroussos,  Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A

Dr. Platon Monokroussos, Chief Market Economist, Deputy General Manager, Eurobank Ergasias S.A

Regional Economics & Market Strategy Focus Note – CENTRAL BANK WATCH: Romania & Serbia at different monetary policy paths (Friday, March 18, 2016)

Vindicating our and the market’s expectations, the National Bank of Serbia (NBS) stayed put on its monetary policy at its scheduled meeting on March 17th, maintaining the key benchmark rate at the current record low level of 4.25%. Yesterday’s decision follows a largely unexpected 25bps cut delivered in February, the first since October 2015, which came in the wake of 750bps of monetary easing since May 2013.

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REGIONAL FOCUS NOTE_18-03-2016 – CB WATCH

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