December 15 (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 the estimated real credit-to-gross domestic product (GDP) ratio is below its long-term trend and that the global uncertainty caused by the spread of new coronavirus variants persists, the central bank said in a statement on Tuesday.
Based on September 2021 data, the share of total loans in the gross domestic product amounted to 80.3%, while the estimated value of the deviation of this share was 1.5 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 7.5% year-on-year in November, after growing by 6.6% in October, official statistics showed. On a monthly comparison basis, Serbia's consumer price index (CPI) went up 0.9% in November, after rising by the same rate in October.