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Serbia's c-bank holds key repo rate at 2.5%

Author Radomir Ralev
Serbia's c-bank holds key repo rate at 2.5% Photo: Srbija Danas/Sasa Dzambic

BELGRADE (Serbia), September 12 (SeeNews) - Serbia's central bank, NBS, said on Thursday it will keep its key repo rate unchanged at 2.5%.

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 and to 2.5% in August to help guide inflation to the target band.

Serbia's average consumer prices rose by 1.6% year-on-year in July, after growing by 1.5% in June, according to the latest official data available. On a monthly comparison basis, Serbia's consumer price index (CPI) fell by 0.2% in July, after decreasing by 0.3% in June.

The NBS will hold its next rate-setting meeting on October 10.