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 response to current inflation trends and international risks. The decision reflects a cautious approach to monetary policy amid ongoing global uncertainties, particularly related to oil prices and geopolitical tensions.
- Year-on-year inflation is currently at 3.5%, within the target tolerance band, influenced by rising global oil prices and domestic measures to mitigate their impact.
- Food prices have shown a year-on-year decline, contributing to a potential disinflationary effect on overall inflation.
- The NBS will continue to monitor geopolitical developments and commodity market fluctuations closely, maintaining a restrictive monetary policy stance.
📝 Classified Sentences
⚡ Rate Holdmp_interest_rate
"At its meeting today, the NBS Executive Board voted to keep the key policy rate at 5.75%."