NBS keeps key policy rate at 6.5 pct

BELGRADE - The National Bank of Serbia (NBS) Executive Board decided on Thursday to keep the key policy rate on hold at 6.50 pct, the central bank said.

In a statement, the NBS said the deposit (5.25 pct) and lending facility (7.75 pct) rates also remained unchanged.

"The Board’s decision was motivated by the continued subsiding of global inflationary pressures, the established downward trajectory of inflation at home and its anticipated retreat within the target tolerance band in mid-2024," it said.