Central Banks
Serbia Holds Key Rate as Vucic Eyes Fed, ECB Policy Moves
- Benchmark stays at 6.5%, as predicted by all analysts in poll
- First monetary easing since late 2020 may be months away
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Serbia held borrowing costs steady at an almost nine-year high as inflation remains above target even as it continues to slow from a peak last year.
The National Bank of Serbia kept the one-week repurchase rate at 6.5% for a seventh month, in line with the forecast of all economists in a Bloomberg survey. President Aleksandar Vucic said last month the Balkan country would only start cutting after monetary easing begins in the US and the euro area.