Serbian central bank raises key policy rate

NEWS 11.08.2022 21:40
Narodna banka Srbije, Banka, Srbija, zgrada,
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The National Bank of Serbia (NBS) raised it key policy rate to three percent on Thursday.

“At its meeting today, the NBS Executive Board voted to raise the key policy rate by 25 bp to 3%. 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,” a press release said.

It said that the decision was taken to maintain the continuity of “moderate monetary policy tightening” adding that the NBS Executive Board feels that monetary conditions need to tightened further.