Meeting of Monetary Board of NBS on Friday, November 13th

- The Monetary Board of the National Bank of Serbia (NBS) will organize the meeting on Friday, November 13th, seven days before the schedule - it is announced on the website of that financial institution www.nbs.rs.

At the last meeting, which was held on November 5th, the Monetary Board lowered the referential interest rate by 1% - to 10%.

The referential interest rate was previously lowered by 1% on October 8th (to 11%) and on July 10th (to 12%).

NBS uses the interest rate on two-week repo operations as the referential interest rate. In repo operations, NBS sells securities with the obligation to buy them back with the interest after certain time.