Serbia's C-bank Keeps Repo Rate Flat at 10%, Releases Dinar Liquidity to Banks

The cut will release some 14.5 billion dinars ($228 million/153 million euro) to banks, which in turn will have to allocate an additional 153.4 million euro to mandatory reserves on their euro depoits, the central bank, NBS, said in a statement.

The change will take effect as of November 18. The NBS monetary commitee will hold its next rate-setting session on December 4.

The NBS last changed the repo rate on November 5, lowering it to 10% from 11%.

(1 euro=94.5034 Serbian dinars)