http://www.bloomberg.com/news/2013-01-17/serbia-increases-main-rate-for-fifth-meeting-in-inflation-battle.html
While most central banks are lowering benchmark interest rates to encourage growth... Serbia is raising it...to fight inflation.
For the 5th time...Beograd raised the benchmark...by 25 bps...to 11.5%.
Inflation jumped to 12.2%...well above the target max of 5.5%.
Only Belarus at 21.8 % beats Serbia's inflation rate.
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