The National Bank of Serbia has announced a program of monetary policy in in 2014. year, which stipulated that inflation is in the range of 2.5 to 5.5 percent .
The main objective of monetary policy is to achieve and maintain medium-term price stability , contributing to the preservation of financial stability and achieving sustainable economic growth , according to the program of the monetary policy of the NBS published on the website of the Central Bank ( www.nbs.rs ) .
Estimate of inflation in the next period is based , as discussed , the assessment that will be completed structural reforms and price liberalization .
NBS will strive to achieve the inflation target by the main instrument of monetary policy – the benchmark interest rate, which will vary in a consistent and predictable manner , depending on economic developments and inflation projections , and other instruments used in their jurisdiction.
And next year the Central Bank of Serbia will continue to implement a managed floating exchange rate.
Intervention in the foreign exchange market will be implemented to reduce excessive short-term volatility of the exchange rate , maintain price and financial stability and maintain an adequate level of foreign exchange reserves , according to the monetary policy of the NBS program .