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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.