Serbia’s inflation picture has improved sharply during the summer, prompting Raiffeisen Bank to cut its forecast for year-end inflation to 5.1% from 5.7%, while simultaneously raising its...
For years, euroization has limited the effectiveness of monetary policy in Serbia. When households and companies borrow or save primarily in euros, changes in...
The most important message from the NBS bulletin is that Serbia’s monetary framework is still credible. Reserves are high, the dinar remains supported, the...
The National Bank of Serbia (NBS) is maintaining a cautious monetary policy stance despite inflation returning to its target range, reflecting continued concerns over...
Serbia’s inflation picture at the start of 2026 looks far calmer than it did during the previous inflation cycle. Annual inflation stood at 2.8% in March, still below...
Serbia’s monetary policy has entered a distinct late-cycle phase where stabilization, rather than tightening, defines the central bank’s posture. The National Bank of Serbia...
Serbia’s monetary framework stands in contrast to euroised economies, providing a level of flexibility that is increasingly important in a volatile global environment. The...
Serbia’s interest rate environment is defined by the country’s ability to conduct independent monetary policy, providing a level of flexibility that distinguishes it from...
Serbia’s monetary policy environment is approaching a potential turning point as inflation pressures gradually ease and economic growth moderates. After several years of restrictive...
For international investors and banking institutions, the most material change in Serbia’s macroeconomic profile entering 2026 is not the direction of growth, but the...
The National Bank of Serbia enters late 2025 navigating a delicate balance: maintaining price stability, supporting growth, and preserving financial system credibility in an...
Recent actions by the National Bank of Serbia, including targeted FX-market measures, point to a more tactical and intervention-ready monetary posture in the near...
