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Nov 09, 2017 13:28 EEST
November 9 (SeeNews) - Serbia's central bank, NBS, said on Thursday it will keep its key repo rate unchanged at 3.5%.
The inflation rate is expected to remain within the 1.5%-4.5% target band in the short term, NBS said in a statement.
The central bank cut the key repo rate by 0.25 of a percentage point to 3.75% in September and to 3.5% in October to help guide inflation to the target band.
Serbia's annual consumer price inflation quickened to 3.2% in September from 2.5% in August, according to the latest official data available. On a month-on-month basis, the consumer price index (CPI) rose 0.1% in September after increasing 0.2% in August.
The NBS will hold its next rate-setting meeting on December 7.
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