Serbian C-bank Keeps Key Repo Rate Unchanged at 15.75%

The monetary committee has agreed at its Friday’s session on several steps to increase the banking sector liquidity, the NBS said in a statement, adding that c-bank governor Radovan Jelasic will present the measures at a news conference later in the day.

NBS last raised its key repo rate on May 29 to 15.75% from 15.25% in a bid to bring core inflation within the targeted range of 3.0% to 6.0% by the end of the year.

Core inflation, which measures consumer prices that are not administered by the government, slipped to an annual 10.2% in September from 10.3% in August, according to central bank data.