Central Bank of Serbia Cuts Repo Rate 25bps to 9.50%

The National Bank of Serbia cut its 2-week repo rate by another 25 basis points to 9.50% from 9.75% previously. The Bank said: "Inflation stayed on a downward path, ending 2011 somewhat lower than expected by the National Bank of Serbia, mainly due to the one-off effect of methodological changes in the calculation of fruit and vegetable prices. Inflation is expected to continue down and...