Bloomberg News

Serbia’s Sees Zero Inflation or Deflation in Fourth Quarter

October 04, 2011

(Updates with more comment in third paragraph.)

Oct. 4 (Bloomberg) -- Serbian Central Bank Governor Dejan Soskic said expects inflation to be nonexistent or deflation in the fourth quarter as prices are stable.

“Once we have single-digit inflation it will be easier to steer lower inflationary expectations,” he said at a conference today in Belgrade, Serbia.

He also said that most risks are “behind us,” and pointed out that unemployment is the biggest problem in the country for now and can be fought only through a “substantial increase in economic activity.”

--Editors: Douglas Lytle, James M. Gomez

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

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net


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