Regulatory Alerts2026-07-28
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Regular meeting of the Monetary Policy Executive Board
The National Bank's Executive Board decided on July 28, 2026, to keep the policy rate unchanged at 4.25%, following a previous rate increase in June. This decision is based on current macroeconomic indicators and assessments of domestic and external risks, including high uncertainty in the external environment and re-escalation of Middle East tensions. The maintenance of the policy rate, alongside existing reserve requirement and macroprudential measures, is intended to support the stability of the denar exchange rate against the euro, facilitate a gradual return of inflation to its historical average, and strengthen inflation expectations, thereby also influencing credit standards.
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monetary
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