Serbian central bank cuts rate to 10 pct after IMF deal
Radovan Jelasic
Serbia's central bank cut its key rate to 10 percent on Thursday after a deal with the IMF  governor Radovan Jelasic said  signalling that more cuts could come.
 "The National Bank of Serbia's (NBS) monetary policy committee decided to lower the interest rate from 11 to 10 percent for several reasons " Jelasic told reporters  marking the second cut in a month.
 Among the reasons was "successful completion of a second revision of a stand-by arrangement with the International Monetary Fund a day before " Jelasic said.
 Low inflation in the third quarter and stability of the exchange rate were also listed among the reasons  Jelasic said.
 However  Jelasic said that trends for the economy were better than had been expected  and that further cuts in interest rates could be expected.
Serbia's central bank cut its key rate to 10 percent on Thursday after a deal with the IMF  [TGT] said  signalling that more cuts could come.
 "The National Bank of Serbia's (NBS) monetary policy committee decided to lower the interest rate from 11 to 10 percent for several reasons [TGT] told reporters  marking the second cut in a month.
 Among the reasons was "successful completion of a second revision of a stand-by arrangement with the International Monetary Fund a day before " [TGT] said.
 Low inflation in the third quarter and stability of the exchange rate were also listed among the reasons  [TGT] said.
 However  [TGT] said that trends for the economy were better than had been expected  and that further cuts in interest rates could be expected.