The National Bank of Serbia (NBS) executive board today decided to keep the reference interest rate at 2.25 percent, the NBS said.
It was assessed that prudence in conducting monetary policy was still needed, primarily due to developments in the international environment.
According to the Executive Board, the resilience of the Serbian to possible negative impacts from the international environment has been increased thanks to the full coordination of economic policy measures, which has resulted in the reduction of internal and external imbalances, favorable macroeconomic prospects for the next period, as well as an adequate level of foreign exchange reserves.
The statement said that favorable financing conditions contributed to the growth of economic activity in Serbia, which is also a result of the previous easing of the NBS monetary policy. At today’s session, the Executive Board adopted the Memorandum on Targeted Inflation Rates by 2022, keeping the target inflation rate at 3 percent, with a deviation of plus or minus 1.5 percent by the end of 2022.
The next session of the Executive Board, at which the benchmark interest rate will be decided, will be held on January 9, reports Danas.
