The Monetary Board of the NBS Decreased the Reference Interest Rate to 10%

Source: Beta Friday, 06.11.2009. 12:37
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Monetary Policy Committee of the National Bank of Serbia (NBS) yesterday reduced (November 5, 2009.) reference interest rate by one percentage point - at 10% per year.

Reference rate previously by one percentage point decreased on 8th October (to 11%) and on 10th July (to 12%).

NBS reference interest rate used as the interest rate on two-weeks repo operations. The repo operations NBS sells securities with the obligation to buy at a certain time with interest.

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