reference interest rate

National Bank of Serbia holds interest rates steady amid inflation risks and economic growth prospects

The National Bank of Serbia (NBS) decided to keep its reference interest rate steady at 5.75%, with deposit and credit rates also unchanged, marking the tenth consecutive month without a policy change. This decision comes despite recent interest rate cuts by the European Central Bank (ECB). Food prices in Serbia have risen due to global spikes in raw material costs (such as cocoa and coffee), last year’s drought, and poor fruit and vegetable yields this season. There is concern that…