Serbia’s central bank holds key repo rate at 2.25%

Figures

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The National Bank of Serbia said it has decided to hold its key repo rate at 2.25%. The central bank said it was guided by the inflation outlook and macroeconomic indicators from the domestic and international environment.

Photo by ToskanaINC/Shutterstock.com

Inflation is likely to move around the lower boundy of the 1.5-4.5% target band until mid-2020,NBS said. Serbia’s average consumer prices rose by 1% year-on-year in October, after growing by 1.1% in September, official statistics show.

On a monthly basis, the consumer price index grew by 0.1% in October, after falling by 0.5% in September, according to Serbiaʼs state news agency, Tanjug.

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