energy market

Serbia Holds Interest Rates at 5.75% as Energy Risks Limit Monetary Easing

The National Bank of Serbia (NBS) is maintaining restrictive monetary conditions as energy-market uncertainty and rising global commodity prices complicate the outlook for inflation, limiting the scope for interest-rate cuts despite headline price growth remaining within the central bank’s target range. The NBS kept its policy rate unchanged at 5.75% in October. Annual inflation reached 4.1% in September, while core inflation stood at approximately 4.9%, reflecting continued pressure from service prices. The central bank expects inflation to remain within its…