Serbia's c-bank holds key repo rate at 2.25%

The inflation rate is expected to move at the lower part of the 1.5%-4.5% target band by mid-2020, NBS said in a statement.

The central bank cut the key repo rate by 0.25 of a percentage point to 2.25% in November to help guide inflation to the target band.

Serbia's average consumer prices rose by 1.0% year-on-year in October, after growing by 1.1% in September, official statistics show. On a monthly comparison basis, Serbia's consumer price index (CPI) grew by 0.1% in October, after falling by 0.5% in September, according to figures published on the website of the national statistical office.

The NBS will hold its next rate-setting meeting on January 9.