Central bank

The European Central Bank today raised the key interest rate by 50 basis points to 3.5%, the highest level since 2008, and did not comment on what its future steps might be to control inflation.

"Changing the leva-euro exchange rate is impossible". This is stated by the Bulgarian National Bank to National radio, after yesterday information was spread, which is claimed to be from a report of the Ministry of Finance, according to which there is a risk of a change in the exchange rate of the leva against the euro.

The turmoil in the US banking sector following the collapse of Silicon Valley Bank (SVB) should have only a limited impact on European banks, which are organized differently, said ratings agencies Moody's and S&P Global on Tuesday, AFP reported.

BELGRADE - Serbian banks have no business ties with Silicon Valley Bank or any exposure to it and there is no possibility of the bank's closure having a direct or indirect impact on the Serbian banking sector, the National Bank of Serbia (NBS) told Tanjug on Tuesday.

The dramatic implosion of Silicon Valley Bank (SVB) last week could bring the Federal Reserve's current cycle of interest rate hikes to an end far sooner than many analysts expected.

China retained its central bank chief on Feb. 12 in a surprise move, as the country appointed a cabinet focused on fighting economic headwinds.

Yi Gang was confirmed as governor of the People's Bank of China at a meeting of China's rubber-stamp national legislature, against expectations that retirement-age Yi would step down.

BELGRADE - The National Bank of Serbia (NBS) Executive Board decided on Thursday to raise the key policy rate by 25 bp to 5.75 pct, keeping the deposit facility rate at 4.50 pct and raising the lending facility rate to 7.0 pct.

BELGRADE - According to the results of an Ipsos survey, the Serbian financial sector expects one-year ahead inflation (in January 2024) to be 8 pct, unchanged for a fourth consecutive month, the National Bank of Serbia (NBS) has said.

According to the February Bloomberg survey, one-year ahead inflation expectations are lower, at 7.0 pct, the central bank said in a statement.

BELGRADE - The National Bank of Serbia (NBS) Executive Board decided on Thursday to raise the key policy rate by 25 bp to 5.5 pct.

The rates on deposit and credit facilities were raised by the same amount, to 4.5 pct and 6.5 pct, respectively, the central bank said in a statement.

"Adopting the euro will not cost anyone anything. Price hikes are newspaper headlines. Switching from one currency system to another does not lead to an increase in prices. Croatia entered Schengen, it will probably have a good tourist season".

This was explained by financier Levon Hampartsumyan on Nova TV.