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

Author Radomir Ralev
Serbia's c-bank holds key repo rate at 2.25% By NMedjedov (Own work), via Wikimedia Commons

BELGRADE (Serbia), February 13 (SeeNews) - Serbia's central bank, NBS, said on Thursday it will keep its key repo rate unchanged 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 1.9% year-on-year in December, after growing by 1.5% in November, official statistics show. On a monthly comparison basis, Serbia's consumer price index (CPI) grew by 0.5% in December, after rising by 0.2% in November, according to figures published on the website of the national statistical office.

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