The National Bank of Serbia lowered its key policy rate by 25bps to 1.25 percent on June 11th 2020, bringing borrowing rates to the lowest since at least 2006. Markets were expecting no changes. It is the second rate cut so far this year, aiming to mitigate the negative effects of the coronavirus crisis and boost economic growth. Policymakers said the strongest impact of the crisis was felt in April, like in other European countries, and that the economy should recover in the coming months. The inflation is expected to remain around 1.5 percent in 2020 due to lower demand and oil prices.
Interest Rate in Serbia averaged 8.35 percent from 2006 until 2020, reaching an all time high of 18 percent in October of 2006 and a record low of 1.25 percent in June of 2020. This page provides - Serbia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020. source: National Bank of Serbia
Interest Rate in Serbia is expected to be 1.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Serbia to stand at 1.00 in 12 months time. In the long-term, the Serbia Interest Rate is projected to trend around 1.25 percent in 2021 and 1.75 percent in 2022, according to our econometric models.