The National Bank of Serbia left its benchmark interest rate unchanged at an all-time low of 1% during its October 2021 meeting, but raised its average repo rate by 13 basis points to 0.24% in what was its first move towards tightening monetary policy. The bank also announced the end of the repo securities purchase auctions as of October. Headline inflation jumped to 4.3% in August, close to the upper limit of the central bank's target (3 ±1.5%), mainly due to supply shocks and last year’s low base. Still, policymakers noted that the core inflation (1.8%) is still running at a low level as well as the short and medium-term inflation expectations. In terms of medium-term economic growth, Serbia's GDP projection was recently raised to the 4–5% range from 4%, in light of numerous infrastructure projects and their direct and indirect effects on output. source: National Bank of Serbia
Interest Rate in Serbia averaged 7.71 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 October 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. 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.