NBS says price, financial stability among its 2016 results

BELGRADE - By pursuing an efficient monetary policy and implementing timely measures, the National Bank of Serbia (NBS) achieved price and financial stability in 2016 amid pronounced volatility and uncertainty in the international environment, the NBS said in an end-year recap.

The results reflect the continuation of efforts and committed work over the past four years, it said.

"Over the past three years inflation in Serbia has been low and stable. In the latest Global Competitiveness Report of the WEF, Serbia ranks among the countries holding the first place in terms of inflation. Our readiness and determination to keep this place is also confirmed by the decision that we brought in cooperation with the Government of the Republic of Serbia - to lower the inflation target for 2017 and 2018 to 3, while maintaining the tolerance band at ±1.5 percentage points".