Bloomberg News

Serbia Could Consider ‘Steeper Cut’ in Rates, Petrovic Says

September 28, 2011

Sept. 28 (Bloomberg) -- The Serbian central bank has room to consider a “steeper cut” in borrowing costs because inflation is “no longer the concern,” the head of the country’s Fiscal Council Pavle Petrovic said.

“Now that inflation is no longer the concern and it is definitely going to be in the single digits, the central bank could consider a steeper cut in the benchmark rate to give support to the slowing economy,” Petrovic said at a bank conference today in Belgrade.

To contact the reporter on this story: Gordana Filipovic in Belgrade at gfilipovic@bloomberg.net

To contact the editor responsible for this story: Douglas Lytle at dlytle@bloomberg.net


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