The Executive Board of the National Bank of Serbia (NBS) has decided to keep the reference interest rate unchanged at 5.75%, as well as the interest rates on deposit facilities (4.5%) and credit facilities (7.0%).
In making this decision, the NBS noted that since June 2024, the reference interest rate has been lowered by a total of 75 basis points. The board expects the effects of these previous rate cuts to continue influencing the economy in the coming period.
Despite inflation returning to within the target range and remaining stable, the NBS emphasized the need to maintain a cautious monetary policy. This approach is necessary due to ongoing global uncertainties, particularly geopolitical tensions and the fragmentation of the world market, which could affect Serbia’s economic stability.
The NBS remains committed to navigating these external challenges while ensuring domestic economic stability.
