NBS: Inflation within target band, GDP growth in 2025 to be 4.5%

The inflation in Serbia will continue moving in the next two years as well within the target band of three percent plus or minus 1.5%, the National Bank of Serbia (NBS) announced today.

The vice-governor of the NBS, Zeljko Jovic, said at the presentation of the inflation report that the estimate was that, at the end of 2025, the inflation would get closer to the central target value.

Such inflation movements, according to him, will be underpinned by the still tight monetary conditions, subdued imported inflation and the anticipated lower global energy prices, as well as the new agricultural season, if it is successful.

He said that the new estimate of the central bank was that the growth of the gross domestic product (GDP) would be 4.5% in 2025.

– Under our new projection, we expect GDP growth to pick up to 4.5% this year and range between 4% and 5% in 2026 and 2027, but probably closer to the upper bound of the range in 2027 due to the hosting of EXPO 2027 – said Jovic.

Narodna banka Srbije Beograd

National Bank of Serbia

NBS

Željko Jović

EXPO

inflation