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. source: National Bank of Serbia

Interest Rate in Serbia averaged 7.94 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 May 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 1.25 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.

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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
2021-01-14 11:00 AM 1% 1% 1% 1%
2021-02-11 11:00 AM 1% 1% 1% 1%
2021-03-11 11:00 AM 1% 1% 1% 1%
2021-04-13 10:00 AM 1% 1% 1% 1%
2021-05-13 10:00 AM 1% 1%
2021-06-10 10:00 AM 1%
2021-07-08 10:00 AM 1%
2021-08-12 10:00 AM 1%


News Stream
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 Holds Key Policy Rate at Record Low
The National Bank of Serbia held its benchmark interest rate at a record low of 1.0 percent during its March 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. Policymakers expect a recovery in economic activity in the coming months due to the progress in the vaccination process and the expected gradual easing of restrictive measures. At the same time, inflation rate is seen picking up due to increasing oil and food prices.
2021-03-11
Serbia Holds Interest Rate at 1%
The central bank of Serbia held its key policy rate steady at a record low of 1% on February 11th 2021, as expected, saying previously taken monetary and fiscal policy measures in order to mitigate the negative consequences of the pandemic and stimulate economic growth will continue to have a favorable effect. Serbia's annual inflation rate dropped to 1.3% in December and according to the bank's projections, it will continue to move closer to the lower half of the target 1.5%-4.5%.
2021-02-11
Serbia Holds Key Interest Rate at Record Low of 1%
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.
2021-01-14

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.