Serbia’s central bank, NBS, will keep its key repo rate unchanged at 1.0 percent. The central bank was guided by the previously taken monetary policy measures which are expected to continue having a positive economic effect.
The central bank cut its key repo rate to 1.25percent from 1.5 percent in June and slashed it further to 1.0 percent in December to counter the adverse economic effects of the Covid outbreak.
Serbia’s consumer prices rose by 1.8 percent year-on-year in March, after growing by 1.2 percent in February, according to the official statistics.
The NBS will hold its next rate-setting meeting on May 13.
