Serbia’s Central Bank Cuts Key Policy Rate

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3:53 GMT

Nov 2009

Serbia’s Central Bank Cuts Key Policy Rate

(RTTNews) - Thursday, the National Bank of Serbia cut its key policy rate by one percentage point.

The central bank said that after reviewing the economic developments in the country, it decided to lower the key policy rate by 100 basis points to 10%. On October 28, the NBS Monetary Policy Committee had kept the interest rate unchanged at 11%.

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