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Serbia Interest Rate

Last Release
May 09, 2025
Actual
5.75
Units In
%
Previous
5.75
Frequency
Daily
Next Release
Jun 12, 2025
Time to Release
1 Months 1 Days 1 Hours
Highest
Lowest
Average
Date Range
Source
18
Sep 2006
1
Dec 2020
7.17 %2006-2025National Bank of Serbia
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.

Latest Updates

The National Bank of Serbia (NBS) held its benchmark interest rate steady at 5.75% during its May 2025 meeting, maintaining a cautious monetary policy stance amid easing inflationary pressures and continued uncertainty surrounding the economic outlook. Inflation slowed to 4.4% in March and is projected to decline further, approaching the 3% target midpoint by year-end. This outlook is supported by falling global commodity prices, moderating core inflation, and improved agricultural conditions. However, downside risks remain due to global market volatility, trade policy uncertainty, and persistently high food input costs. Serbia’s GDP grew by 2.0% year-on-year in the first quarter of 2025, missing expectations as weak external demand and domestic disruptions weighed on performance. Nonetheless, economic activity is expected to gain momentum later in the year, driven by a rebound in the automotive sector, new energy capacity additions, and infrastructure investments tied to Expo 2027.

Serbia Interest Rate History

Last 12 readings

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