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Serbia Holds Interest Rate at 5.75% as Energy Costs Raise Inflation Risks

Serbia’s monetary policy remains on hold as rising international energy prices and geopolitical uncertainty threaten to increase business costs and complicate investment financing. The National Bank of Serbia (NBS) kept its benchmark rate at 5.75%, extending the unchanged-rate period to 25 consecutive months while warning that inflation risks have increased. The central bank also maintained its deposit facility rate at 4.5% and its lending facility rate at 7%. The decision comes as consumer inflation has begun to accelerate and the…