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BELGRADE (Serbia), January 10 (SeeNews) - Serbia's central bank said on Thursday it has decided to keep its key repo rate unchanged at 3.0%, taking into account inflation forecasts and the recent relaxation of monetary policy.
The inflation rate is expected to remain in the 1.5%-4.5% target band in the next two years, the central bank, 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 slowed to 1.9% in November from 2.2% in October, the national statistical office said last month.
On a monthly comparison basis, Serbia's consumer price index fell by 0.3% in November, after increasing by 0.3% in October.
NBS will hold its next rate-setting meeting on February 7.