BELGRADE (Serbia), October 8 (SeeNews) – Serbia’s central bank, NBS, said on Thursday it lowered its key repo rate to 11% from 12% and cut the ratio of dinar-denominated mandatory reserves to 25% from 30%, aiming to boost the liquidity of the country’s banking system.
The amendments concerning the mandatory reserve requirements will take effect on October 18, the NBS monetary committee said in a statement.
NBS last changed the repo rate on July 10, cutting it to 12% from 13%, when it also lowered the dinar-denominated mandatory reserves to 30% from 35%.
($=0.6761 euro)