7  Sapir et al. (2003), Kok (2004). 8  Gomez-Salvador et al. (2006). 9  See for example, the discussion in Sondermann (2011). 2  BIS central bankers’ speeches  sustainability is a key qualification to associate to growth. The second key term is the balance of growth, both in domestic and external terms.
Inflation in Serbia has remained relatively low and equalled 0.4% year-on-year in April. As expected, disinflationary pressures prevailed on account of domestic factors, though they were unexpectedly strong from price movements in the international environment.