Key policy rate reduced to 6.25%

At its meeting today, the NBS Executive Board voted to trim the key policy rate by 25 bp to 6.25%. The rates on deposit and lending facilities were also lowered – to 5.00% and 7.50%, respectively.

As the National Bank of Serbia announced, the Board’s decision was motivated primarily by several months of declining inflation at home and its return within the target band in May, consistent with the NBS’s projections, as well as by the anticipated movements in inflation and other macroeconomic indicators at home and abroad in the coming period.

– In view of the further waning of global inflationary pressures and the disinflationary impact of tight monetary measures so far, the Executive Board assessed that conditions are in place to embark on monetary policy easing by lowering the key policy rate – the NBS says.

Narodna banka Srbije Beograd

National Bank of Serbia

NBS

key policy rate

global inflationary pressures