Price Developments  BOJ's Price Forecasts CPI (All Items Less Fresh Food) <October 2019 Outlook Report> 2.5  y/y % chg. Price Stability Target (2%)  2.0 Fiscal 2019 +0.7%  1.5  1.0  Fiscal 2021 +1.5%  0.5  Fiscal 2020 +1.1%  0.0  -0.5  -1.0 FY12  13  14  15  16  17  18  19  20  21  Note: The actual figures exclude the direct effects of the consumption tax hike in April 2014.
Aware of our role of a change catalyst in our country, the National Bank of Serbia did not stop there. Owing to a well established infrastructure of its IPS system, it is introducing new, innovative instant payment solutions. By using the mobile banking application, our citizens can make instant payments at physical and online points of sale.