Source: eKapija | Thursday, 11.08.2022.| 14:47
Highlight an article Print out the news

NBS Raises Key Policy Rate to 3%

Illustration (Photo:
At its meeting today, the NBS Executive Board voted to raise the key policy rate by 25 bp to 3%.

As said on the website of the National Bank of Serbia (NBS), at the same time, the lending facility rate now equals 4% and the deposit facility rate 2%, meaning that the entire interest rates corridor was increased by 25 bp.

In making such decision, the Executive Board maintains the continuity of moderate monetary policy tightening, whereby it adequately responds to heightened inflationary pressures without jeopardizing further growth in economic activity.

– As of October 2021, the NBS has gradually and continuously tightened monetary conditions at home by using different tools, depending on the estimated character of inflationary pressures. In addition to lifting main interest rates and tightening dinar liquidity conditions, the NBS significantly contributes to limiting the effects of the spillover of imported price growth onto domestic prices by maintaining the relative stability of the RSD/EUR exchange rate – says the press release of the NBS.

Only logged-in users can comment.
Follow the news, tenders, grants, legal regulations and reports on our portal.
Testiraj besplatno!
Register for our daily business bulletin, which is sent to your email address at the end of each work day.
Full information is available only to commercial users-subscribers and it is necessary to log in.
Test for free!
Testiraj besplatno!
Full information is available to commercial users-subscribers only.
Testiraj besplatno!

Log in to view complete information:
Forgot your password? Click here HERE
For free test use, click HERE