January 11 (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 stood at 2.8% in November, the same as in October, according to the latest official data available. On a monthly comparison basis, Serbia's consumer price index (CPI) remained unchanged in November after increasing by 0.2% in October
The NBS will hold its next rate-setting meeting on February 11.