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Serbia's Central Bank Keeps Rates Unchanged as Sees Temporary Inflation Acceleration in Next Months

BY MT Newswires | ECONOMIC | 07/10/25 07:13 AM EDT

07:13 AM EDT, 07/10/2025 (MT Newswires) -- Serbia's central bank (NBS) on Thursday said its Executive Board voted to keep the key policy rate on hold, at 5.75%, leave the deposit rates at 4.5% and the lending facility rate at 7.0%.

Year-over-year headline inflation slowed to 3.8% in May, and core inflation to 4.6%. However, as the prices of oil products rose on the back of elevated global oil prices in June and the anticipated effects of adverse weather on food prices, year-over-year inflation will most likely post a temporary pick-up in the coming months, trending around the upper bound of the target tolerance band, wrote NBS in its policy statement.

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