Serbia Holds Rates Steady in First Meeting After S&P Upgrade.

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The National Bank of Serbia has decided to keep interest rates steady at 5.75% in its first meeting after receiving an investment-grade rating from S&P Global Ratings. This decision was made despite concerns about inflation and pressure on the currency. Inflation is expected to have decreased to 4.2% last month, but core inflation remains high at 5.2%. The Serbian economy has been performing well, with a 4.3% growth in the first half of the year, and the S&P upgrade is expected to attract more foreign investment. A rate cut would have helped alleviate pressure on the dinar, but the central bank opted to maintain stability. [Extracted from the article]

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