interest rates

NBS Holds 5.75% Rate as ECB Tightening Raises Euro Funding Costs

Serbia’s central bank kept its benchmark interest rate at 5.75%, while the European Central Bank increased its key rates by 25 basis points, creating additional pressure on euro-linked financing despite subdued domestic inflation. The National Bank of Serbia (NBS) maintained its benchmark rate for the ninth meeting of 2026, extending the unchanged-rate period that began in September 2024. The deposit and lending facility rates remained at 4.50% and 7.00%, respectively. Hours later, the ECB raised its deposit rate to 2.50%,…