Key policy rate remains at 5.75%

At its meeting today, the NBS Executive Board voted to keep the key policy rate at 5.75%, as well as the rates on deposit and lending facilities – at 4.5% and 7.0%, respectively, the National Bank of Serbia (NBS) announced.

– In making the decision, the Board highlighted that the key policy rate has been cut by 75 bp in total since June and that the effects of past monetary policy easing will play out in the coming period as well. As underscored by the Board, although inflation has returned within the target tolerance band and continues to move therein, a cautious monetary policy stance is necessary given the uncertainty in the international environment, notably heightened geopolitical tensions and their potential impact on macroeconomic developments – the announcement says.

Narodna banka Srbije Beograd

National Bank of Serbia

NBS

key policy rate