NBS keeps key policy rate at 4.5 percent

The Executive Board of the National Bank of Serbia (NBS) decided to keep the key policy rate unchanged at 4.5 percent.

Izvor: Tanjug

Thursday, 10.12.2015.

15:28

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(Tanjug, file)

NBS keeps key policy rate at 4.5 percent

The decision was made in consideration of the prevailing uncertainties associated primarily with the international environment

“Above all, the response of market participants to the expected increase in the Fed's rate is uncertain, including the effects of such increase on commodity and financial markets, notably capital flows towards emerging economies,” said a statement quoted by Tanjug.

Even so, these effects will be mitigated by the ECB's further monetary accommodation in December and the extension of quantitative easing until March 2017, the central bank said.

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