The National Bank of Serbia (NBS) 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 gradual weakening of cost pressures from the international environment, which should contribute to a more significant drop in imported inflation, it said in a statement.
It is now necessary to see the full effects of the previously implemented measures before further tightening of monetary policy, the central bank added.
The central bank also left unchanged the deposit facility rate and the lending facility rate, at 5.25% and 7.75% respectively.
The latest data published by the National Statistical Office showed that Serbia’s consumer price growth slowed to 10.2% year-on-year in September, after easing to 11.5% the month before.
The central bank will hold its next rate-setting meeting on December 7.
(Biznis.rs, 10.11.2023)