Tabakovic: Serbian February inflation estimated at cca 5.5 pct

BELGRADE - National Bank of Serbia (NBS) Governor Jorgovanka Tabakovic said on Wednesday a strong trend of declining inflation was continuing this year and that y-o-y Serbian inflation in January had dropped to 6.4 pct.

"Our estimate is that February inflation declined further to around 5.5 pct y-o-y," Tabakovic said at the Instant Payments, Global Inspiration expert conference hosted by the NBS.

"We continue to keep a close eye on domestic and international factors, ready to take additional measures if necessary," she said.

"For more than a decade, the National Bank of Serbia has maintained the stability of the exchange rate through well-timed and unbiased interventions in the FX market in either direction, which contributed not only to lower core inflation, but also to preserving confidence in the business and investment environment.

A stable exchange rate is the key ingredient to monetary and financial stability in Serbia and plays an important role in creating a favourable environment for citizens and businesses.