Serbia Central Bank Keeps Key Rate Unchanged

2026-02-12 11:29:53

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The National Bank of Serbia held its benchmark interest rate steady at 5.75% at its February 2026 meeting, alongside the deposit rate (4.5%) and the credit facility rate (7%). Inflation continued to move slightly below the central bank’s target during the final quarter of 2025, falling to 2.7% in December, and is expected to stay within the target range of 3% (±1.5%) through the end of 2026 and over the medium term. The Board anticipates economic growth to accelerate this year and next, supported by both household consumption and investment in fixed assets. Net exports are also projected to make a positive contribution in 2027, buoyed by the hosting of the specialized exhibition “Expo.” The central bank stressed that a cautious monetary policy stance remains necessary amid global uncertainties, including trade tensions and geopolitical risks.

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