NBS

Central bank's key policy rate remains at 8.5 percent

BELGRADE -- The key policy rate will remain at the level of 8.5 percent, the National Bank of Serbia (NBS) Executive Board decided on Thursday.

The bank said that the decision was made "mindful of potential risks to the Serbian economy in the period ahead."

NBS cuts key interest rate to 8.5 percent

BELGRADE -- The National Bank of Serbia (NBS) cut its benchmark interest rate by 0.5 percentage points to 8.5 percent on Thursday.

BELGRADE - Governor of the National Bank of Serbia (NBS) Jorgovanka Tabakovic said that the NBS has enough FX reserves to defend the national currency and it bought euros (EUR 20 million) just before the weekend for the first time this year, after only selling foreign currency for the last three months.

Central bank sells EUR 40 million

BELGRADE -- The National Bank of Serbia (NBS) sold EUR 40 million on the foreign exchange market on Thursday.

This kept the exchange rate at RSD 115.9574 for EUR 1 for the fifteenth day in a row on Friday.

BELGRADE - The National Bank of Serbia (NBS) sold EUR 40 million on the foreign exchange market on Thursday, keeping the exchange rate at RSD 115.9574 for EUR 1 for the fifteenth day in a row tomorrow.

Including the Thursday's intervention, the NBS has sold a total of EUR 820 million since the beginning of the year.

Key interest rate remains unchanged

BELGRADE -- The Executive Board of the National Bank of Serbia (NBS) decided on Thursday to keep the reference interest rate unchanged at 9.5 percent.

The board stated that the inter-annual inflation rate returned to the limits of the target inflation in January 2014 as NBS had announced earlier.