Monetary inflation

BELGRADE - The National Bank of Serbia (NBS) released on Thursday that the inter-annual inflation in the time to come would be on an increase according to projections, which will be mainly brought about by last year's low base inflation and fuel price increase.

European Central Bank (ECB) President Mario Draghi met with central bankers at Nicosia, Cyprus, on Thursday. During the Governing Council, the ECB decided to keep interest rates unchanged and keep the focus on implementation on moentary policy measures.

The improvement in Turkey's core inflation continued in February, with the slight rise largely due to food prices, the Central Bank announced on March 4.

In a statement after data on March 3 showed consumer prices in February rose by 0.71 percent, slightly lower than expected, the Bank stated that non-food annual inflation continued to fall.

As I noted in my last column, almost all Turkey economists were expecting the Central Bank to cut its policy and borrowing rates at the Monetary Policy Committee rate-setting meeting on Feb. 24.

BELGRADE - The Executive Board of the National Bank of Serbia (NBS) decided at its Thursday session to keep the reference rate at eight percent, the central bank released.

Turkey's lira recovered from a record low today as investors weighed up the prospect of a rate cut after the Central Bank governor said a decision on whether to hold an early policy meeting would be made following tomorrow's inflation data.

By Stefan Riecher

The inflation rate in the euro area fell below zero for the first time in more than five years, bolstering the case for more European Central Bank stimulus.

By Ian Chua and Shinichi Saoshiro

The euro wallowed near a nine-year trough early on Tuesday, keeping up a wobbly start to 2015 as the prospect of more policy easing from the European Central Bank grew ever stronger.

Central bank trims key policy rate to eight percent

BELGRADE -- The National Bank of Serbia (NBS) decided to trim the key policy rate by half a percentage point, to eight percent, the Serbian central bank said on Thursday.

BELGRADE - The National Bank of Serbia (NBS) decided to trim the key policy rate by half a percentage point, to 8 percent, the Serbian central bank said in a release Thursday.