The National Bank of Serbia kept its benchmark interest rate unchanged at 6 percent in a May meeting, defying market expectations of a 25 bps hike and following the 500 bps of increases since April 2022, as policymakers underscored the gradual weakening cost pressures from the international environment and the easing global supply chains shocks. The lending and deposit rates were also held at 7.25% and 4.25%, respectively. The central lender continued to contribute to price cooling by preserving the stability of the dinar exchange rate against the euro. The annual inflation in Serbia stood at around 16% in Q1 of 2023, in line with the projections. The policymakers expect it decrease more rapidly in the second half of 2023 and return to the goal range in mid-2024. Regarding GDP, the economy is seen growing between 2.0-3.0 percent in 2023 amid favorable foreign trade developments. Still, the regulator doesn't rule out the further tightening depending on the global economic scenario. source: National Bank of Serbia
Interest Rate in Serbia averaged 7.29 percent from 2006 until 2023, reaching an all time high of 18.00 percent in October of 2006 and a record low of 1.00 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 June of 2023.
Interest Rate in Serbia is expected to be 6.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.