International Reserves in Serbia
Serbia - International ReservesFollowing stellar growth in Q2, high frequency data for Q3 suggests that the economy lost some steam. Industrial production barely grew in August amid plunging energy output, while retail sales growth cooled on average in July and August amid rising price pressures. Softening growth in goods imports in the same two months further highlights cooling momentum in the domestic economy. Foreign demand seemingly also waned as merchandise export growth eased in July–August. Meanwhile, despite resurging tensions with Kosovo, Serbia recently began construction of the Nis-Plocnik highway, which will connect the Serbian city of Nis with Kosovo’s Pristina. Lastly, in late October the government approved the sale of an area of land to a Turkish firm, which will be used to build a EUR 16.7 million factory for automotive cooling systems. This should buoy employment, investment and industrial activity ahead.
Serbia - International Reserves Data
|International Reserves (EUR)||10.4||10.2||10.0||11.3||13.4|
5 years of economic forecasts for more than 30 economic indicators.
Serbia International Reserves Chart
Source: Statistical Office
|Bond Yield||3.05||0.0 %||Dec 31|
|Exchange Rate||104.9||-0.31 %||Jan 01|
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November 12, 2021
Consumer prices rose 0.94% in October over the previous month, picking up from the 0.78% rise recorded in September.
November 9, 2021
At its 9 November meeting, the National Bank of Serbia (NBS) left the key policy rate unchanged at its all-time low of 1.00%.
October 29, 2021
Industrial output increased 1.4% compared to the same month of the previous year in September, which was above August's 0.1% increase.
October 12, 2021
Consumer prices rose 0.78% in September over the previous month, slowing down from August's 0.88% rise.
Serbia: Central Bank holds policy rate in October, but takes first step towards policy normalization
October 7, 2021
The National Bank of Serbia (NBS) left the key policy rate unchanged at its all-time low of 1.00% at its 7 October meeting.