November 10 (SeeNews) - Serbia's central bank, NBS, said on Thursday it decided to keep its key repo rate at 4.0% for the third time in as many months.
"In the coming months, the annual inflation rate is expected to start growing gradually and to stand within the 1.5%-4.5% target band at the beginning of next year," NBS said in a statement.
In July, Serbia cut the key repo rate by 0.25 percentage points to help guide inflation to the targeted band.
Serbia’s consumer prices rose by 0.6% year-on-year in September, slowing from a 1.2% increase in the previous month. On a monthly comparison basis, consumer prices dropped 0.6% in September, after edging up 0.9% in August.
The NBS will hold its next rate-setting meeting on December 8.