The central bank said that annual inflation stayed within the target band since early 2017 and stood at 2.5% in August, while core inflation declined to 1.5% year over year.
Country risk premium fell to its lowest level on record for Serbia, and fiscal movements were more favorable than expected, with the country reporting a consolidated surplus of around 2% of GDP in the year to date, the central bank added.
It expects inflation to remain within the tolerance band of 3.0% plus or minus 1.5 percentage points "in the period ahead."