The Executive Board of the National Bank of Serbia has decided to lower its main interest rate today by 25 bps to 1.25 percent in an effort promote economic growth. The bank is convinced that additional monetary support for the domestic economy is crucial to mitigate the negative effects of the crisis. The move was made possible by continued low inflation rates, which slowed to just 0.6 percent in April. The next opportunity for the bank to adjust its rates will come on July 9.
