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Serbia Business News 2011





Serbia Increased Interest Rate to 12%


January 2011
The central bank of Serbia, NBS, raised on January 17 the benchmark interest rate by 0.5 per cent to 12% ,Europe's highest interest rate.
The rise which follows previous six rises in six months is aimed to cool rising inflation with a 22 months high inflation of 10.3% in December, well above the original forecast of 3%-6% rate.





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