Serbia raised interest rates unexpectedly for the first time in more than three years to deal with the risk of global inflation and the upward pressure faced by the dinar after last month's general election. The National Bank of Serbia raised the benchmark interest rate by 25 basis points to 6% on Thursday, contrary to economists' expectations of keeping interest rates unchanged. This is also the first time that the country's interest rates have adjusted financing costs after 25 months of record stagnation.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.