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Serbia's c-bank cuts key repo rate to 2.5%

Author Radomir Ralev
Serbia's c-bank cuts key repo rate to 2.5% By NMedjedov (Own work), via Wikimedia Commons

BELGRADE (Serbia), August 8 (SeeNews) - Serbia's central bank, NBS, said on Thursday it will cut its key repo rate to 2.5% from 2.75%.

The inflation rate is expected to remain in the 1.5%-4.5% target band, NBS said in a statement.

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

Serbia's average annual consumer price inflation slowed to 1.5% in June, from 2.2% in May, according to the latest official data available. On a monthly comparison basis, Serbia's consumer price index (CPI) fell by 0.3% in June, after decreasing by 0.3% in May.

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

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