Latest Statement
⚖️ Neutral
Key policy rate kept unchanged
2026-07-09
The National Bank of Serbia has decided to maintain the key policy rate at 5.75%, alongside unchanged deposit and lending facility rates, in light of current inflation trends and international risks. Year-on-year inflation remains within the target range, influenced by global oil prices and domestic measures to stabilize fuel costs.
- Year-on-year inflation was recorded at 3.5% in May, within the target tolerance band of 3.0±1.5%.
- Food prices have shown a year-on-year decline, contributing to a favorable disinflationary effect on overall inflation.
- The geopolitical situation, particularly the Middle East conflict, continues to pose risks that warrant a cautious monetary policy approach.
📝 Classified Sentences
⚡ Rate Holdmp_interest_rate
"At its meeting today, the NBS Executive Board voted to keep the key policy rate at 5.75%."