Serbian Dinar Gains After Central Bank Holds Interest Rate
The Serbian dinar strengthened against the US dollar on Thursday after the National Bank of Serbia left its benchmark interest rate unchanged at 5.75%, citing ongoing geopolitical risks. Serbia's annual inflation rose to 3.5% in May, its highest level since mid-2025, yet remained within the central bank's target range, which officials expect inflation to stay near through 2027. On the US front, the dollar weakened after Federal Reserve meeting minutes and renewed reports of US-Iran talks, pushing the US Dollar Index down to 100.91 and supporting the dinar's advance. At the time of writing, USD/RSD was trading at 102.3696, down 0.09%.
The Serbian dinar strengthened against the US dollar on Thursday after the National Bank of Serbia left its benchmark interest rate unchanged at 5.75%, citing ongoing geopolitical risks.
Serbia's annual inflation rose to 3.5% in May, its highest level since mid-2025, yet remained within the central bank's target range, which officials expect inflation to stay near through 2027.
On the US front, the dollar weakened after Federal Reserve meeting minutes and renewed reports of US-Iran talks, pushing the US Dollar Index down to 100.91 and supporting the dinar's advance.
At the time of writing, USD/RSD was trading at 102.3696, down 0.09%.