Serbia’s central bank said on Thursday it decided to keep its repo rate unchanged at 6.5%.
The central bank stated that it was influenced by the gradual decrease in cost pressures from the international environment, as well as the declining domestic inflation when making this decision.
The National Bank of Serbia (NBS) decided to keep the deposit facility rate and the lending facility rate unchanged at 5.25% and 7.75% respectively.
The NBS emphasized the need to assess the complete impact of the measures that have already been put in place before considering any additional tightening of monetary policy.
The central bank made its most recent adjustment to its key rate in July, raising it by 25 basis points to 6.5% in order to address inflationary pressures.
According to the most recent data released by the National Statistical Office, Serbia’s consumer price growth decelerated to 8.5% year-on-year in October, following a decrease from 10.2% in the previous month.
The central bank is scheduled to hold its next rate-setting meeting on January 11.
