You have 5 free articles left this month. Get your free Basic subscription now and gain instant access to more.

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

Author Radomir Ralev
Serbia's c-bank keeps CCyB rate unchanged at 0% Author: SeeNews. License: All rights reserved.

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

NBS decided to keep the CCyB unchanged as the estimated share of real credit activity in real gross domestic product is below its long-term trend, the central bank said in a statement on Monday.

Based on June 2021 data, the share of total loans in the gross domestic product amounted to 79.4%, while the estimated value of the deviation of this share was 1.9 percentage points.

The central bank said last week it decided to keep its key repo rate unchanged at 1.0%.

Serbia's consumer prices rose by 4.3% year-on-year in August, after growing by 3.3% in July, official statistics show. On a monthly comparison basis, Serbia's consumer price index (CPI) went up 0.9% in August, after rising by 0.2% in July, according to data by the national statistical office.