Jorgovanka Tabakovic (BETAPHOTO/MILAN OBRADOVIC)
Serbia was expecting to report economic growth of 3.5 percent this year, while inflation would return to “within the target” in May, National Bank of Serbia Governor Jorgovanka Tabakovic said on May 14.
Presenting the May inflation report, Tabakovic said that inflation had been decreasing faster than projected and would shortly return to within the target rate of three percent.
A drop in food prices had contributed to declining inflation, she noted.
Tabakovic also said that coming down of inflation could open the door to a looser monetary policy, but added that the Central Banka believed that cautiousness should be maintained due to uncertainty with global fuel prices.
The governor added that the economic activity had been higher than expected.
Tabakovic also said that in January, wages increased 9.2 percent and pensions 14.2 percent year-on-year, and that the coverage of consumer basket had never been greater.
To get full access to all content of interest see our
Subscription offer
Or
Register for free
And read up to 5 articles each month.
Already have an account? Please Log in.