July 12 (SeeNews) - Serbia's central bank, NBS, said on Thursday it will keep its key repo rate unchanged at 3.0%.
The inflation rate is expected to remain within the 1.5%-4.5% target band in the next two years, NBS said in a statement.
The central bank cut the key repo rate by 0.25 of a percentage point to 3.25% in March and to 3.0% in April to help guide inflation to the target band.
Serbia's annual consumer price inflation quickened to 2.1% in May from 1.1% in April, according to the latest official data available. On a monthly comparison basis, Serbia's consumer price index (CPI) rose by 0.6% in May, after increasing by 0.4% in April.
The NBS will hold its next rate-setting meeting on August 9.