BELGRADE (Serbia), April 12 (SeeNews) – Serbia’s central bank said on Thursday it decided to keep its key policy rate unchanged at 9.5%.
A decline in year-on-year inflation continues while low aggregate demand is expected to remain the key disinflationary factor. However, in light of the uncertainty regarding the movements of import prices, the new agricultural season and probably a faster rise in administered prices in the second half of the year, the Executive Board decided to keep the key policy rate unchanged, the National Bank of Serbia said in a statement.
The next rate-setting meeting of the NBS Executive Board will be held on May 10.