The central bank of Serbia held its key policy rate steady at a record low of 1% on January 14th 2020, as expected after a surprise 25bps cut in the previous meeting to counter the adverse economic effects of the coronavirus outbreak. The annual inflation slowed to 1.3% in December, the lowest since May and below the central bank’s target 1.5%-4.5%. Policymakers expect inflation to move at the lower part of the target band in the coming period. source: National Bank of Serbia
Interest Rate in Serbia averaged 8.06 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 January 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 1.00 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.