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Serbia’s 2026 money growth stays in check as liquidity management offsets FX and fiscal injections
Serbia’s broad money (M3) is expanding at a mid-single-digit annual pace in early 2026, while the National Bank of Serbia continues sterilization to prevent liquidity from…
Serbia’s disinflation is stabilizing headline inflation, but a sticky core keeps rates higher for longer
Serbia’s inflation has settled within the central bank’s target range, but core inflation remains elevated around 4% as services and wage-linked costs adjust more slowly. For…
Serbia keeps policy rates at 5.75% as monetary stance shifts from tightening to stability
The National Bank of Serbia has held its benchmark rate at 5.75%, with a wider interest corridor, as inflation stays within the target range and the…
AIK Bank extends its edge in Serbia’s term-deposit market, PwC comparison shows
A PwC commercial performance comparison cited by Nedeljnik places AIK Bank at the top of Serbia’s term-deposit market, highlighting growing household demand for fixed-term savings. The…
Serbia’s deposit surge strengthens funding stability as households favor liquidity
In Serbia, deposit growth continues to accelerate after the inflation shock, with households and companies expanding balances—especially in foreign currency—while term deposits gain ground as banks…
Serbia banks head into 2026 with capital strength, low bad loans and tightly managed credit
Serbia’s banking system is entering 2026 with capitalization well above regulatory requirements, liquidity buffers that remain strong, and non-performing loans below 3%. Controlled credit growth—supported by…
Serbia industrial output jumps in March as manufacturing leads a cyclical rebound
Serbia’s total industrial output rose 6.4% year-on-year in March, accelerating after weaker conditions earlier in 2026. The rebound appears driven mainly by manufacturing, while energy volatility…
CBAM’s carbon cost is starting to rewrite Serbia’s industrial competitiveness
As the EU’s Carbon Border Adjustment Mechanism moves toward full implementation, Serbian exporters in steel, cement, aluminium and fertilisers face carbon-linked costs tied to EU ETS…
Serbia’s state-led investment drive faces tougher delivery and funding conditions
Serbia’s infrastructure pipeline—about €17bn through 2030 and up to €48bn by 2035—remains central to growth plans, but rising financing costs and execution constraints are tightening the…
Serbia turns to active debt management as refinancing and rate risks rise
Serbia has launched a sovereign bond buyback programme of up to €1bn to smooth maturities and reduce near-term refinancing pressure, signaling a more proactive approach to…