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August 12, 2003 - Tuesday |
Less direct control by NBS, same monetary policy - Udovicki
14:18 BELGRADE, August 12 (Tanjug) - The National Bank of Serbia (NBS) will try to reduce direct control of the local foreign currency market, granting greater role to indirect instruments as reforms progress, and in the meantime will, lead by the price stabilization as a final goal, continue to pursue a strict monetary policy, Governor Kori Udovicki has said.
Serbia is faced with a challenge to keep up the reforms in the "traditionally critical third year," since every attempt to reform the economy of the country since 1965 had lost its swing after two years, said Udovicki in an interview to the British news agency Reuters.
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