NBS: Key Policy Rate Remains at 6.5%

At its meeting today, the NBS Executive Board voted to keep the key policy rate unchanged at 6.5%. The deposit and lending facilities rates were also kept on hold at 5.25% and 7.75%, respectively, as announced on the website of the National Bank of Serbia (NBS).

– In making such decision, the Executive Board was guided by the continued easing of global inflationary pressures which should lead to a more significant fall in imported inflation. At the same time, the Executive Board expects inflation at home to remain on the downward path and return within the target tolerance band over the monetary policy horizon – the NBS says.

As added, when making the decision, the Board also relied on the fact that monetary conditions were tightened in the previous period and that the full effects of the implemented measures are yet to play out.

– The Board does not exclude the possibility of a further monetary tightening should that be deemed necessary – it is added.

Narodna banka Srbije Beograd

NBS

key policy rate

lending facilities

deposit facilities

inflation

global inflation

year on year inflation

inflation easing

growth of consumer prices

food price growth

energy price growth