Key policy rate kept at 5.75%

At its meeting today, the NBS Executive Board voted to keep the key policy rate at 5.75%. It also kept the deposit facility (4.5%) and lending facility (7.0%) rates unchanged, announced the National Bank of Serbia (NBS).

As announced, the Board made the decision primarily in view of actual and expected inflation, as well as factors from the domestic and international environment affecting its movements. Consistent with the Board’s expectations, y-o-y inflation continued to slow early in the year, to 2.4% in January, with the prices of food and non-alcoholic beverages declining by 1.0% on average from January 2025. Such price movement was largely driven by the application of the Decree on Special Conditions for Trade in Certain Types of Goods – which caps wholesale and retail trade margins.

Narodna banka Srbije Beograd

National Bank of Serbia

key policy rate

deposit facility

lending facility

inflation