The National Bank of Serbia left its key policy rate unchanged at 5.75% at its April 2026 meeting, maintaining the level in place since late 2024. The deposit and lending facility rates were also held steady at 4.5% and 7.0%, respectively. The decision was primarily driven by current and projected inflation dynamics, alongside external risks that could influence the inflation outlook.
Economic authorities in Serbia continue to implement coordinated measures to safeguard price stability and cushion the economy from external shocks. The government has already taken steps to contain domestic fuel price increases, including imposing a ban on petroleum product exports and reducing excise duties on fuel.
The central bank remains committed to a cautious monetary policy stance while preserving relative stability of the exchange rate. Policymakers will keep closely monitoring developments in domestic and global markets and will continue to set policy on a meeting-by-meeting basis.
