FX.co ★ Serbia Holds Benchmark Rate at 5.75% in February as Tight Policy Persists

The National Bank of Serbia kept its benchmark interest rate unchanged at 5.75% in February 2026, maintaining the same level set in January 2026. The decision signals a continued commitment to a tight monetary policy stance as the central bank navigates ongoing economic uncertainties.

With the key rate holding steady for a second consecutive month, policymakers appear focused on consolidating the impact of prior rate hikes and monitoring their effects on inflation, growth, and financial stability. The unchanged rate suggests that authorities currently see no immediate need for either further tightening or easing.

The latest update on the benchmark rate was published on 12 February 2026, confirming that the central bank’s policy path remains on hold for now, with investors and businesses likely to watch upcoming data closely for any signs of a shift in direction.