Serbia Interest Rate

The central bank of Serbia maintained its key interest rate at 5.75% during its December 2024 meeting, highlighting the continued impact of earlier rate cuts totaling 75bps in June and September. Policymakers noted that while inflation has returned to the target range and is expected to remain stable, a prudent monetary policy stance is necessary. This approach reflects the persistent uncertainty in the global environment, driven largely by geopolitical tensions and their potential impact on macroeconomic stability. Inflation in Serbia was at 4.3% in November, remaining within the central bank target of 3 ± 1.5% for a seventh straight month.