June 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, 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 2018 and to 3.0% in April 2018 to help guide inflation to the target band.
Serbia's average annual consumer price inflation accelerated to 3.1% in April, from 2.8% in March, according to the latest official data available. On a monthly comparison basis, Serbia's consumer price index (CPI) increased by 0.7% in April, after rising by 0.4% in March.
The NBS will hold its next rate-setting meeting on July 11.