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Another monthly meeting...another interest rate cut by Serbian central bank.
For the 5th time since June...the Narodna Banka Srbije lowered its two-week repurchase rate by 75bps...to 10%...the lowest level in a year.
The C.Bank justified the bigger than expected cut because of a poor outlook for exports that go mainly to the EU.
Also...annualized inflation slowed to 9.3% in September.
April's inflation rate was 14.7%.
