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Serbia Interest Rate

Last Release
May 10, 2024
Actual
6.5
Units In
%
Previous
6.5
Frequency
Daily
Next Release
Jun 13, 2024
Time to Release
30 Days 21 Hours
Highest
Lowest
Average
Date Range
Source
18
Sep 2006
1
Dec 2020
7.25 %2006-2024National 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 maintained its benchmark interest rate at 6.5% in May 2024in line with expectations. The deposit and lending rates were also kept at 5.25% and 7.75%, respectively. The lender cited the following factors contributing to its decision: the medium-term inflation projection, elevated global price pressures, and uncertainty regarding the movements in the cost of energy and other primary products. In Serbia, inflation continued to slow down faster than expected to 5% in March. It is anticipated to reach the target range in May 2024 and the target itself by the end of the year. Meanwhile, the country's growth is estimated to have reached 4.6% year-on-year in Q1 of 2024. Its future decisions the central bank will base on the speed of disinflation processes.

Serbia Interest Rate History

Last 12 readings

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