The central bank of Serbia left its key policy rate steady at 2.25 percent on January 9th 2020, mentioning subdued inflationary pressures, favourable domestic outlook and influences from global markets. The decision came in line with market expectations. Policymakers see the inflation moving around the lower bound of the target range of 1.5%-4.5% until mid-2020 and to gradually approach the target midpoint thereafter, due to rising aggregate demand. In November of 2019, the inflation increased to 1.5 percent from 1 percent. However, the central bank also noticed that caution in monetary policy conduct is still needed, mainly due to developments in the international financial and commodity markets.
Interest Rate in Serbia averaged 8.56 percent from 2006 until 2020, reaching an all time high of 18 percent in October of 2006 and a record low of 2.25 percent in November of 2019. This page provides - Serbia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: National Bank of Serbia
Interest Rate in Serbia is expected to be 2.25 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 2.00 in 12 months time. In the long-term, the Serbia Interest Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.