Joining global central banks in their effort to tame inflation, the ECB has decided its largest rate hike since its existence. While national governments step up efforts to tame inflation or its negative impact upcoming CEE CPI prints should show again higher values for August.
The Executive Board of the National Bank of Serbia (NBS) decided to accelerate the benchmark rate hike dynamics increasing it by 50bp to 3.5%. Interest rates on standing facilities now stand at 2.50%-4.50%. More hikes should come in the remainder of the year. |