Serbia's c-bank holds key repo rate at 3.5%

Serbia's c-bank holds key repo rate at 3.5% By NMedjedov (Own work), via Wikimedia Commons

BELGRADE (Serbia), December 7 (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 slowed to 2.8% in October from 3.2% in September, according to the latest official data available. On a month-on-month basis, the consumer price index (CPI) rose 0.2% in October after increasing 0.1% in September.

The NBS will hold its next rate-setting meeting on January 11.

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