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Sep 04, 2009 13:15 EEST
September 4 (SeeNews) - Serbia’s central bank, NBS, said on Friday it will keep its key repo rate unchanged at 12%.
The bank’s monetary committee decided to keep the rate unchanged, taking into account the current economic developments, the central bank said in a statement. It did not elaborate.
NBS governor Radovan Jelasic is expected to provide more details on the decision to keep the repo rate flat at a news conference scheduled for later on Friday.
The committee's next session will be held on September 23.
NBS last changed the repo rate on July 10, cutting it to 12% from 13%. It also relaxed lending rules for local banks to stimulate domestic demand amid the global economic downturn.
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