Serbia's c-bank cuts key repo rate to 2.25%

The inflation rate is expected to remain in the lower part of the 1.5%-3.5% target band by the end of this year and in the first half of 2020, NBS said in a statement.

The central bank last cut the key repo rate by 0.25 of a percentage point to 2.75% in July and to 2.5% in August to help guide inflation to the target band.

Serbia's average consumer prices rose by 1.1% year-on-year in September, after growing by 1.3% in August, official statistics show. On a monthly comparison basis, Serbia's consumer price index (CPI) fell by 0.5% in September, after remaining unchanged in August, according to figures published on the website of the national statistical office.

The NBS will hold its next rate-setting meeting on December 12.