NBS keeps key policy rate unchanged at 4.25%
The Executive Board assessed that inflationary pressures are low, the NBS said in a release.
However, the current degree of monetary expansion provides for a low and stable inflation in the medium term and a gradual recovery in economic activity. Inflation is expected to rise moderately in the second half of the year and return within the target band late this or early next year, the NBS stated.
As underlined, monetary policy should remain cautious, primarily because of developments in the international environment.
Uncertainties are particularly pronounced in respect of movements in prices of oil and other primary commodities in the world market, geopolitical risks and divergent monetary policies of the leading central banks. Investors’ risk appetite and cash flows towards emerging economies, including Serbia, could be negatively affected by the slowdown in the global economy and normalisation of the Fed’s monetary policy.
On the other hand, the impact of external risks should be moderated by the ECB’s monetary accommodation and domestic factors, notably the narrowing of internal and external imbalances, the release reads
The next rate-setting meeting will be held on May 17th.
Most Important News
06.04.2024. | Agriculture
Preconditions for Placement of Fresh Blueberries and Dried Plums in Chinese Market Secured
16.04.2024. | News
Jovan Ciric, Leasing Director Retail MPC Properties – MPC Echo symbolizes our desire for good ideas and innovative endeavors to spread freely and bring about positive changes
16.04.2024. | News
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
Creative Industry – What This Serbian Economy Sector Worth EUR 2 Billion Encompasses
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
23.04.2024. | Construction, Transport
Tender for first section of Belgrade-Nis fast railroad from Velika Plana to Paracin announced
23.04.2024. | Construction, Transport
16.04.2024. | News
Economy Fair in Mostar opens – 26 companies from Serbia exhibiting
16.04.2024. | News
22.04.2024. | Industry, Transport
Serbia to develop project of “flying taxis” for EXPO with Airbus – Signing of memorandum announced
22.04.2024. | Industry, Transport