14 October 2010

SERBIA: Central Bank Raises Interest To 9.5% -- Europe's Highest.

BLOOMBERG/
     After rising food prices threatened its inflation target, Serbia's central bank raised the main interest rate to 9.5 percent, now Europe's highest.
    Inflation increased to 7.7 percent in September from 6.6 percent in August as food and beverage prices rose 2 percent in a month.
    Its currency, the dinar, has lost 9.3 percent against the euro this year, the sixth-worst performance among about 170 currencies tracked by Bloomberg, behind the Venezuelan, Guinean, Ethiopian, Mozambique and Ugandan units.