Jorgovanka Tabaković: Serbian banks well-capitalised and profitable, maintaining high liquidity buffers
What changed vs prior statement
- 01No material change in policy stance vs prior statement.
- 02Language essentially preserved across key themes of economic assessment and banking sector health.
- 03No vote-record change.
From the original
Speech by Dr Jorgovanka Tabaković, Governor of the National Bank of Serbia, at the Annual Assembly of the Association of Serbian Banks, Belgrade, 19 June 2026.
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Jorgovanka Tabaković: Brave old world
The desk believes that the National Bank of Serbia's recent policy stance, as articulated by Governor Jorgovanka Tabaković, signals a commitment to maintaining stability amid global economic uncertainties. Per the full note [source], the central bank's focus on inflation control and sustainable growth reflects a broader trend among emerging markets to prioritize resilience. This perspective is supported by Serbia's current inflation rate of 8.5%, which remains above the central bank's target range, necessitating a cautious approach to monetary policy. The desk frames this as a potential bullish signal for the Serbian dinar against major currencies, particularly if inflationary pressures continue to moderate in the coming months.