Source: eKapija | Thursday, 11.03.2021.| 14:23
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National Bank of Serbia Keeps Key Policy Rate at 1%

(Photo: ToskanaINC/shutterstock.com)
At its meeting today, the National Bank of Serbia (NBS) Executive Board voted to keep the key policy rate at 1%. In making the decision, the Board was guided by the continued stimulating effect of past monetary and fiscal policy measures and the announced third package of fiscal measures, the NBS announced.

– The economy contracted by 1% at year level, which is fully consistent with the projection emphasized by the NBS in the past several months – the board said in a press release.

The Executive Board expects inflation to stay stable and low and to move in the lower half of the target tolerance band in the coming period too. In addition, the board expects the continuation of the relatively robust FDI inflow.

The next rate-setting meeting will take place on April 13.
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