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2018/08/09 / Erste Group Research

RS Short Note, Serbia: NBS keeps key rate at 3%

NBS keeps key rate at 3%

As expected, NBS kept key rate unchanged at 3%. Support for this decision came from strong growth trajectory, fading base effect on CPI trajectory, stable and rising inflation expectations and favorable developments in banking sector. NBS is likely to keep key rate at current level throughout 2018, as all above-mentioned factors should persist in upcoming months. In addition, expected ECB and Fed moves also play important roles.

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General information

AuthorErste Group Research
Product nameCEE Country Update
Topic in focusFX, Macro/ Fixed income
Economy in focusSerbia
Currency in focusSerbian dinar
Sector in focus-


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