Serb Central Bank Holds Rates as Cost of Defending Dinar Weighs
- 18 of 26 economists predicted no change in 1-wk rate
- Central bank holds rate as IMF arrives to inspect finances
This article is for subscribers only.
Serbia’s central bank left borrowing costs unchanged for a fourth consecutive month, refraining from easing after selling almost a 10th of its foreign currency reserves this year from its foreign reserves.
The National Bank of Serbia left its one-week repurchase rate unchanged at 4.25 percent, according to a statement published on its website on Thursday. Eighteen of 26 economists surveyed by Bloomberg predicted the decision, while 8 expected a cut to 4 percent.