Turning opportunities into progress - innovation meets regulation
What changed vs prior statement
- 01No material change in policy stance vs prior statement.
- 02Language essentially preserved across key paragraphs.
- 03Vote split: No vote-record change.
From the original
Address by Dr Jorgovanka Tabaković, Governor of the National Bank of Serbia, at the FIC & EBRD Financial Services Conference “Turning opportunities into progress: innovation meets regulation”, Belgrade, 30 September 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.