NBS hasn’t reduced key policy rate, it remains at 5.75%

At its meeting today, the NBS Executive Board voted to keep the key policy rate at 5.75%, as well as the rates on deposit and lending facilities: 4.5% and 7.0%, respectively, the National Bank of Serbia (NBS) announced.

– In making the decision, the Board highlighted that the key policy rate has been cut by 75 bp in total since June and that the effects of past monetary policy easing will play out in the coming period as well. As noted by the Board, although inflation has returned within the target tolerance band and continues to move therein, monetary policy caution by the NBS is mandated by the unpredictability of macroeconomic developments in the international environment and mounting geopolitical risks, including their impact on the global prices of energy and other primary commodities – the NBS says in its press release.

Narodna banka Srbije Beograd

National Bank of Serbia

NBS

key policy rate

deposit facilities rate

lending facilities rate