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Serbia's c-bank holds key repo rate at 3.0%

Author Radomir Ralev
Serbia's c-bank holds key repo rate at 3.0% By NMedjedov (Own work), via Wikimedia Commons

BELGRADE (Serbia), December 6 (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 in 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 a quarter of a percentage point to 3.25% in March and slashed it further to 3.0% in April to help guide inflation to the target band.

Serbia's average annual consumer price inflation quickened to 2.2% in October from 2.1% in September, according to the latest official data available. On a monthly comparison basis, Serbia's consumer price index (CPI) grew by 0.3% in October, after increasing by the same rate in September.

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