At today’s session, the Executive Board of the National Bank of Serbia decided to keep the reference interest rate at the level of 1 percent.
As they say in the NBS, adequate support of the National Bank of Serbia and the Government to the Serbian economy has largely contributed to a more favorable result of economic activity in the previous year than expected at the beginning of the pandemic, with a real growth rate of gross domestic product. statistics, amounted to -1.1 percent.
The Executive Board expects that the maintained favorable medium-term prospects of our country and the measures of the Government and the National Bank of Serbia will contribute to the further recovery of domestic demand. This, along with the normalization of external demand, will affect the more than complete recovery of our economy this year and its further strong growth in the coming period.
The Executive Board points out that the eighth year has begun, as inflation in Serbia is firmly under control, at a low and stable level. Inflation in 2020 averaged 1.6 percent, up from 1.3 percent year-on-year in December. Inflation is expected to approach the central value of the 3% target in the future, Novosti reports.
