The National Bank of Serbia’s Executive Board has decided to keep the reference interest rate at 5.75% along with unchanged deposit and credit facility rates. Despite a reduction in inflation and stabilization, the NBS remains cautious due to global uncertainties, including geopolitical tensions, energy prices, and raw material costs.
The NBS projects inflation will gradually slow in the second quarter of 2024, with GDP growth forecasted at 4.5%, driven by domestic demand, personal consumption, and investments, with a particular focus on infrastructure projects and foreign direct investments. However, risks related to protectionism and geopolitical instability may influence economic activity.
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