Inflation targeting

The Central Bank kept its main interest rates steady on June 15, in line with market expectations. 

The Bank kept its closely watched late liquidity window at 12.25 percent and its benchmark repo rate on hold at 8 percent, saying it would stick to a tight policy stance until the inflation outlook significantly improved. 

The U.S. Federal Reserve raised its benchmark interest rate by a quarter point to 1.0-1.25 percent on June 14 and signaled another increase remains likely this year, despite the recent spate of weak economic data.

Economic recovery in the Eurozone is stable, according to the economic bulletin of the European Central Bank, quoted by BNR.

''Incoming data, notably survey results, have increased the Governing Council's confidence that the ongoing economic expansion will continue broaden'', the ECB said in its regular economic bulletin.

The Central Bank has taken another tightening step, hiking the cost of funds from its 'late liquidity window' while leaving conventional policy rates on hold to ease the inflation rate. 

The bank kept the overnight lending rate at 9.25 percent.

The Turkish Central Bank on March 16 kept its main rates steady and signaled a further tightening in its monetary policy to push down the inflation rate if necessary. 

The bank kept the overnight lending rate at 9.25 percent.

The U.S. Federal Reserve raised interest rates on Wednesday for the second time in three months, a move spurred by steady economic growth, strong job gains and confidence that inflation is rising to the central bank's target.

Turkey has implemented comprehensive and robust monetary tightening to contain rising inflation, Central Bank Governor Murat Çetinkaya said on Feb. 9.    

The Central Bank will do what is "necessary" on interest rates, Turkish Deputy PM Mehmet Şimşek has said at the World Economic Forum in Davos, adding that nothing was more critical than its credibility.

Greece's annual headline consumer price index was unchanged at zero percent in December year-on-year, with the annual pace of deflation slowing sharply from -0.9 percent in November, statistics service data showed on Wednesday.

The data also showed the European Union-harmonized inflation rate turned positive in December at 0.3 percent from -0.2 percent in November.

BELGRADE - By pursuing an efficient monetary policy and implementing timely measures, the National Bank of Serbia (NBS) achieved price and financial stability in 2016 amid pronounced volatility and uncertainty in the international environment, the NBS said in an end-year recap.

The results reflect the continuation of efforts and committed work over the past four years, it said.