The National Bank of Serbia
The National Bank of Serbia on July 9 kept its policy rate at 5.75%, a level it has maintained since September 2024. The move was in line with market expectations, and the bank said it was continuing “to pursue a cautious monetary policy”.
In its press release, the bank said it had taken into account actual and expected inflation, as well as risks from the international environment.
Annual inflation in Serbia reached 3.5% in May – its highest level since August 2025, but still within the bank’s 1
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