Tag Archives: NBS
National Bank of Serbia stress-tests inflation shock as Iran conflict threatens energy costs
Serbia’s central bank has built new inflation scenarios that range from a relatively contained outcome to a severe case tied to prolonged conflict involving Iran and…
NBS flags Middle East energy shock risk for Serbia’s inflation path and growth outlook
In its May 2026 Inflation Report, Serbia’s central bank warns that a Middle East-driven energy shock could push inflation above the target range temporarily, even as…
Serbia consults on EU-style rules for financial conglomerates
Serbia’s central bank has launched a public consultation on a Draft Law on Financial Conglomerates designed to align domestic oversight with EU rules. The proposal would…
Serbia’s slowing growth leans on state infrastructure spending as private momentum cools
As Serbia’s economy enters a softer growth phase, the National Bank of Serbia points to GDP forecasts for 2026 being revised down toward around 3.0% while…
Serbia’s macroeconomic model shifts toward slower growth and tighter financial conditions
Serbia’s 2026 macroeconomic dataset from the Ministry of Finance points to a transition from the post-pandemic rebound toward a more mature, financially constrained growth path. The…
Serbia’s corporate lending pivots toward working-capital funding as uncertainty rises
Corporate loans in Serbia have continued to grow, but the mix is shifting: working-capital and liquidity facilities are driving new borrowing more than long-term investment financing.…
National Bank of Serbia flags shift to a more complex macroeconomic cycle
The National Bank of Serbia says inflation has returned to its target corridor and the banking system remains resilient, but it warns that price stability and…
Serbia banks start May with strong liquidity, but credit growth is entering a more selective phase
Serbia’s banking system begins May with ample liquidity and deposits still comfortably funding lending, supported by a managed dinar exchange rate. But as credit expansion—especially to…
Serbia’s central bank becomes sole buyer of domestic Zijin gold as reserves surge
Serbia’s National Bank has taken a decisive step to channel domestically produced gold into reserves, buying 344 bars in 2025—about 4.3 tonnes—from the Zijin-linked Bor operation.…
NBS clarifies foreign-currency checkout for Serbian e-commerce exports
Serbia’s National Bank has confirmed that domestic online sellers can collect foreign-currency payments from non-resident customers, removing a key checkout friction point that previously forced some…