The National Bank of Serbia raised its reference rate by 50bps to 3.5% in its September 2022 meeting, the sixth straight hike and above expectations of a 25bps hike, and stated it will later assess the need for further tightening depending on the global geopolitical situation. Policymakers noted that soaring energy imports stemmed about 70% of the contribution to Serbian inflation in July, which rose to 12.8% on the year. Amid higher borrowing costs, the Executive Board forecasted inflation to peak in the current quarter and start its path downwards in Q4 of this year, while growth should continue to slow until 2023. source: National Bank of Serbia
Interest Rate in Serbia averaged 7.38 percent from 2006 until 2022, 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 September of 2022.
Interest Rate in Serbia is expected to be 3.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Serbia Interest Rate is projected to trend around 4.00 percent in 2023 and 3.75 percent in 2024, according to our econometric models.