Belgrade, 12 September 2024 — In a move signaling confidence in the country’s economic stability, the National Bank of Serbia has announced a reduction in its benchmark interest rate. The rate, which previously stood at 6.00%, has been cut by 25 basis points, bringing it to 5.75%.The decision, effective as of September 2024, comes as an effort to stimulate economic growth amid signs of moderated inflationary pressures. This change is the first adjustment in the rate since it was set at 6.00% earlier in the same month.Analysts believe this reduction reflects the central bank’s proactive approach to fostering a favorable economic environment while ensuring sustainable progress. The data update occurred on 12 September 2024, setting the tone for the coming fiscal periods. Market watchers will be closely monitoring the impact of this rate cut on both domestic investments and international confidence in Serbia’s economic policies.The material has been provided by InstaForex Company – www.instaforex.com
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