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For the first time in over a year...the central bank raised the interest rate...to fight inflation...and bolster its currency...the dinar.
The new benchmark is 10%...a 50 basis increase.
The dinar has weakened by 10% vs the euro in 2012.
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07 June 2012
SERBIA : CBank Raises Benchmark 50 Bps...To 10%.
For the first time in over a year...the central bank raised the interest rate...to fight inflation...and bolster its currency...the dinar.
The new benchmark is 10%...a 50 basis increase.
The dinar has weakened by 10% vs the euro in 2012.
