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Serbia's c-bank keeps CCyB rate unchanged at 0%

Author Radomir Ralev
Serbia's c-bank keeps CCyB rate unchanged at 0% By NMedjedov (Own work), via Wikimedia Commons

BELGRADE (Serbia), December 14 (SeeNews) – Serbia's central bank, the NBS, has said it will keep its countercyclical capital buffer (CCyB) rate unchanged at 0%.

The financial cycle of Serbia is at a stage in which the introduction of a CCyB rate above 0% could limit the credit activity, the NBS said in a statement on Wednesday. 

Moreover, the estimated value of the deviation of the share of loans in the gross domestic product is below the reference value of two percentage points, the central bank said.

Based on data from September 2017, the share of total loans in the gross domestic product amounted to 76.3%, while the estimated value of the deviation of this share was -14.0 percentage points, the NBS added.

On December 8, the NBS said it will keep its key repo rate unchanged at 3.5% as the inflation rate is expected to remain within the 1.5%-4.5% target band in the short term.

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