Serbia rules out further easing for now
Central bank says previous rate cuts have yet to make full impact
The National Bank of Serbia held its policy rate at 5.75% on January 10.
The board recalled that it had cut rates by 75 basis points since June 2024 but that this had not had a full impact on the economy as of yet.
“Although inflation has returned within the target tolerance band and continues to move therein, a cautious monetary policy stance is necessary given the uncertainty in the international environment,” the bank said in its statement.
Serbia targets 3% inflation with a 1.5% tolerance band
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