Serbia Holds Rates Amid Political Tensions and Global Risks

Serbia left borrowing costs unchanged for a fifth month as inflation remains elevated and the country faces more price risks from political turbulence and global trade tensions.

The National Bank of Serbia kept the one-week repurchase rate at 5.75% on Thursday, matching the forecasts of 13 out of 18 analysts in a Bloomberg survey. The other economists expected a 25 basis-point interest-rate cut.