The National Bank of Serbia held its benchmark interest rate at a record low of 1% during its April meeting as widely expected, saying that the coordinated monetary and fiscal policy measures will continue to have a favorable effect on the conditions of financing the economy and citizens and the growth of their disposable income. The decision also comes after the announcement of the third package of economic measures to help citizens and the economy, worth RSD 249 billion. The annual inflation rate in Serbia rose to a 5-month high 1.8% in March from 1.2% in February and within the central bank’s target 1.5%-4.5%. The central bank cut its key repo rate to 1.25% from 1.5% in June and to 1% in December to mitigate the negative effects of the spread of the coronavirus. source: National Bank of Serbia
Interest Rate in Serbia averaged 7.94 percent from 2006 until 2021, reaching an all time high of 18 percent in October of 2006 and a record low of 1 percent in December 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 May of 2021.
Interest Rate in Serbia is expected to be 1.00 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 1.25 in 12 months time. In the long-term, the Serbia Interest Rate is projected to trend around 1.50 percent in 2022, according to our econometric models.