NBS decides to keep benchmark interest rate at 6.5%

Serbia’s central bank said on Thursday it decided to keep its benchmark interest rate unchanged at 6.5%.

In making this decision, the central bank was guided by the further reduction of global inflationary pressures, as well as the downward trajectory of domestic inflation, it said in a statement.

The National Bank of Serbia (NBS) also left unchanged the deposit facility rate and the lending facility rate, at 5.25% and 7.75% respectively.

The NBS also took into account the continuing relaxation of cost pressures and the reduction of inflation on a global level, it added.

The central bank last changed its benchmark interest in July, increasing it by 25 basis points to 6.5% to counter inflationary pressures.

The latest data published by the national statistical office showed that Serbia’s consumer price growth slowed to 8% year-on-year in November, after easing to 8.5% the month before.

The central bank will hold its next rate-setting meeting on February 8.

(Danas, 12.01.2024)


This post is also available in: Italiano

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