Serbia’s central bank said on Thursday that 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, the bank 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 decision reflects the weakening of cost pressures and reduction of inflation on a global level, approaching pre-pandemic levels, it added.
The central bank last changed its benchmark interest rate 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 7.6% year-on-year in December, after easing to 8% the month before. The central bank will hold its next rate-setting meeting on March 7.
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