The National Bank of Serbia kept its benchmark interest rate at 1% for a 6th straight month, as expected, during its July meeting. The central bank noted that Serbia is one of the few economies that exceeded pre-crisis levels of economic activity already in Q1, amid well-coordinated monetary and fiscal policies. The inflation rate increased to 3.6% in May but is seen falling to around the target midpoint of 3% in the coming months. source: National Bank of Serbia

Interest Rate in Serbia averaged 7.82 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 July 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 1.50 in 12 months time. In the long-term, the Serbia Interest Rate is projected to trend around 1.75 percent in 2022 and 2.50 percent in 2023, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
width
height
Serbia Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.00 1.00 18.00 1.00 2006 - 2021 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2021-04-13 10:00 AM 1% 1% 1% 1%
2021-05-13 10:00 AM 1% 1% 1% 1%
2021-06-10 10:00 AM 1% 1% 1% 1%
2021-07-08 10:00 AM 1% 1% 1% 1%
2021-08-12 10:00 AM 1% 1%
2021-09-09 10:00 AM 1%
2021-10-07 10:00 AM 1%
2021-11-09 11:00 AM


News Stream
Serbia Leaves Rates Steady
The National Bank of Serbia kept its benchmark interest rate at 1% for a 6th straight month, as expected, during its July meeting. The central bank noted that Serbia is one of the few economies that exceeded pre-crisis levels of economic activity already in Q1, amid well-coordinated monetary and fiscal policies. The inflation rate increased to 3.6% in May but is seen falling to around the target midpoint of 3% in the coming months.
2021-07-08
Serbia Leaves Interest Rate Unchanged as Expected
The National Bank of Serbia kept its benchmark interest rate at 1% for a 5th straight month, as expected, during its June meeting. The central bank stated that past monetary and fiscal policies are expected to continue, and expected financing conditions for businesses and households would remain favourable, while boosting their disposable income. Serbia’s economy advanced 1.7% year-on-year in the first quarter, above the 1.2% growth seen in preliminary estimates. Serbia’s inflation rate quickened to a 2-year high of 2.8 percent in April of 2021 and the executive board expects that it will inch higher in May, due to the low base from last year. In deciding to keep the interest rate unchanged, the bank said the international environment is still largely affected by the course of the pandemic, and the recovery will remain uneven across countries.
2021-06-10
Serbia Keeps Interest Rate at 1%
The National Bank of Serbia kept its benchmark interest rate at 1% for a 4th straight month, during its May meeting, stating that past coordination between monetary and fiscal policy measures are expected to continue, aiming at maintaining favourable financing conditions of businesses and households, while boosting their disposable income. Serbia’s economy reached pre-crisis level already in the first quarter, and a third stimulus package amounting to 4.3% of GDP has been adopted. Average annual Inflation was recorded at a low 1.4% in the first three month, and the executive board expects that it will remain stable around the current level, which will also ensure the stability of the exchange rate. Ensuring price and financial stability and supporting the recovery of the economy remain the main priorities of the NBR, which stands ready to adjust its measures accordingly.
2021-05-13
Serbia Holds Key Interest Rate at Record Low of 1%
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.
2021-04-13

Serbia Interest Rate
In Serbia, interest rate decisions are taken by the Executive Board of the National Bank of Serbia. The official interest rate is the key policy rate.