In a statement, the central bank of Serbia has said: “The decision to further ease monetary policy was taken so that inflation gets back to our target without major volatility”, consequent to a decline in its benchmark rates. These rates can be considered on the second position after Belarus, having a strong influence from lazy export growth.

In addition, the Belgrade-based Narodna Banka Srbije on Wednesday notified a roll down in repurchase rate to 11.25, significantly deviated figure as compared to previous figure of 11.75%. The bank has updated these deviations on its website.

On the other hand, in a survey carried out by Bloomberg, around five out of 21 economists have anticipated a down fall in whereas another nine have estimated a quarter-point decline and seven observed no deviation.

Having a strong influence from the export losses, the economy of the country is continued to slow. In addition, lesser demand from European Union has also played a role to fluctuate the figures because it serves as a main market for Serbia.

Meanwhile, the dinar was observed facing a roll down of 0.6% to 101.65 against the Euro in Belgrade.