Маy 12 (SeeNews) - Serbia's central bank, NBS, said on Friday it will keep its key repo rate unchanged at 4.0% - for the tenth time in as many months.
The inflation rate is expected to remain within the 1.5%-4.5% target band, NBS said in a statement.
In July, Serbia cut the key repo rate by 0.25 percentage points to help guide inflation to the target band.
Serbia’s consumer prices rose by 3.6% year-on-year in March following an annual increase of 3.2% in February, according to the latest official data available. On a monthly comparison basis, consumer prices grew by 0.2% in March, after edging up 0.7% in February.
The NBS will hold its next rate-setting meeting on June 8.