(Source: National Bank of Serbia) Annual Financial Stability Report for 2015 Belgrade, 27 July 2016 0 External risks and measures uncertainty in emerging markets due to the Fed's further monetary tightening; slower than expected recovery of the euro area and reduced cross-border exposure of European banks in the medium run could hinder domestic credit and economic growth; higher interest rates on loans indexed to foreign currency after a period of extremely low interest rates of leading central banks; Serbia's other important foreign trade partners; cooperation with European and international financial institutions to ensure the highest possible financial support to the domestic banking...
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