Serb c.banker warns on possible shift in policy

27.07.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

BELGRADE, July 27 (Reuters) - Serbia's central bank governor Radovan Jelasic said on Friday he expected inflationary pressures and risks to...

...core inflation to rise in the fourth quarter, which could contribute to a shift in monetary policy.

The governor spoke after the central bank kept its key policy rate on hold at 9.5 percent.

The bank last changed policy on May 29 when it cut the two-week repo rate by 50 basis points to 9.5 percent after preliminary figures indicated that core inflation -- its key concern -- would remain below a 4-8 percent target for 2007.

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