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Monetary Board of NBS kept referential interest rate at 11%
Source: Beta
Wednesday, 28.10.2009.
13:32
Wednesday, 28.10.2009.
13:32
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The Monetary Board of the National Bank of Serbia (NBS) made the decision today (October 28, 2009) to keep the referential interest rate at 11% on annual basis.
According to the announcement, the next meeting of the Monetary Board will be held on November 5th.
The referential interest rate was lowered to 11% on October 8th. Before that, it was reduced by 1%, to 12%, on July 10th.
NBS uses interest rate on two-week repo operations as the referential interest rate. In repo operations NBS sells securities with the obligation to buy them back with the interest rate after certain time.
Companies:
Narodna banka Srbije Beograd
Tags:
Monetary Board of National Bank of Serbia
NBS
National Bank of Serbia
referential interest rate
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