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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), October 10 (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 under control, 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 1.3% year-on-year in August, after growing by 1.6% in July, official statistics show. On a monthly comparison basis, Serbia's consumer price index (CPI) remained unchanged in August, after decreasing by 0.2% in July, according to figures published on the website of the national statistical office.

The NBS will hold its next rate-setting meeting on November 7.