Central bank

European Central Bank (ECB) chief Christine Lagarde has said that interest rates need to continue rising at a "steady pace" in order to avoid inflation becoming entrenched.

While energy prices have recently come down, Lagarde said underlying inflation continues to rise.

BELGRADE - According to an Ipsos survey, the Serbian financial sector expects December 2023 inflation to amount to 8.0 pct, unchanged for the third consecutive month, while a Bloomberg January survey reported lower one-year ahead inflation expectations of 7.1 pct, the National Bank of Serbia (NBS) said.

The past year was marked by Russia's savage invasion of Ukraine, which revived the nightmare of a great war in Europe. For the global economy, it was a period of great challenges, during which the focus of global attention was on central banks' key mandate: the maintenance of price stability.

The Central Bank has announced a raft of new macroprudential measures as part of its liraization strategy.

The bank said in a statement on Jan. 7 that local banks in general have reached the 50 percent liraization target in deposits announced for 2022 and that the liraization target in deposits for the first half of 2023 was set at 60 percent.

It didn't take long for the housing loan installments to "soar" up by 100 euros, while at the same time, the prices of apartments for sale constantly grow, affecting rents to increase by up to 50 percent.

The government's Treasury-supported loan package scheme for tradesmen and craftsmen has taken effect following a presidential decree, Treasury and Finance Minister Nureddin Nebati has announced.

Türkiye's Central Bank has delivered another rate cut - for the third month in a row - slashing its policy rate - the one-week repo auction rate - from 12 percent to 10.5 percent.

This was larger than the 100-basis points reduction most analysts had expected.

The Central Bank's Monetary Policy Committee is set to meet tomorrow to consider the key policy rate.

The meeting will take place after President Recep Tayyip Erdoğan said that interest rates should come down to single digits by the end of the year.

Washington – Global economy is in trouble, but given the circumstances Slovenia is in a relatively good financial and economic shape, Finance Minister Klemen Boštjančič and Banka Slovenije Governor Boštjan Vasle said at the end of the a meeting of the IMF and World Bank in Washington, US. The talks focussed on inflation.

Interest rate cuts will continue, President Recep Tayyip Erdoğan has vowed, calling on investors to benefit from cheaper loans being offered by state banks.