logo
Serbia Unexpectedly Holds Rates as Caution Trumps Slowing Growth

Serbia Unexpectedly Holds Rates as Caution Trumps Slowing Growth

Bloomberg12-06-2025
Serbia 's central bank unexpectedly kept borrowing costs unchanged for a ninth month, sticking to a cautious policy approach even as inflation eases and economic growth slows.
The National Bank of Serbia held the one-week repurchase rate at 5.75% on Thursday. The decision matched the forecasts of seven out of 18 economists in a Bloomberg survey, while the others expected a quarter-point cut.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Fed Minutes Show Majority of FOMC Saw Inflation as Greater Risk
Fed Minutes Show Majority of FOMC Saw Inflation as Greater Risk

Bloomberg

time16 minutes ago

  • Bloomberg

Fed Minutes Show Majority of FOMC Saw Inflation as Greater Risk

Most Federal Reserve officials highlighted the risk to inflation as outweighing concerns over the labor market at their meeting last month, as tariffs fueled a growing divide within the central bank's rate-setting committee. Officials acknowledged worries over higher inflation and weaker employment, but 'a majority of participants judged the upside risk to inflation as the greater of these two risks,' the minutes of the Federal Open Market Committee's July 29-30 meeting said.

Mexico's inflation seen picking up in first half of August: Reuters poll
Mexico's inflation seen picking up in first half of August: Reuters poll

Yahoo

time42 minutes ago

  • Yahoo

Mexico's inflation seen picking up in first half of August: Reuters poll

MEXICO CITY (Reuters) -Mexico's headline inflation likely rebounded in the first half of August underpinning prospects that the central bank would cut its key interest rate again, even though the rate remained within the official target, a Reuters poll showed on Wednesday. The median forecast from 14 participants saw the annual headline inflation rate reaching 3.66%, up from 3.48% in the second half of July. The central bank targets inflation of 3% plus or minus one percentage point. The core inflation rate, which strips out highly volatile items and is considered a better measure of the price trajectory, was however estimated to have sped up to 4.27% annually, from the prior figure of 4.22%. The Bank of Mexico slowed its pace of monetary easing earlier in August, cutting its benchmark interest rate by 25 basis points to 7.75% - its lowest level in three years. The minutes of that meeting, where one of the five governing board members voted to keep rates unchanged, are due for release on Thursday, and are expected to shed light on the bank's next moves. The market expects the key rate to end 2025 at 7.50% as Mexico's economy faces weak growth punctuated by the uncertainty surrounding U.S. President Donald Trump's trade policies. Compared with the previous two-week period, consumer prices would have according to estimates risen by 0.12%, while the core index is forecast to have increased 0.14%, according to the poll. Mexico's national statistics institute is set to releaste inflation data on Friday. Inicia sesión para acceder a tu cartera de valores

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store