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Serbia Interest Rate
Last Release
Aug 08, 2024
Actual
6
Units In
%
Previous
6
Frequency
Daily
Next Release
Sep 12, 2024
Time to Release
1 Months 2 Days 9 Hours
Highest | Lowest | Average | Date Range | Source |
18 Sep 2006 | 1 Dec 2020 | 7.23 % | 2006-2024 | National 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 left the reference interest rate steady at 6% in August, as anticipated, following two successive cuts of 25 bps each in July and June. This pause in monetary easing provides the central bank with an opportunity to evaluate the effects of these rate reductions amid a backdrop of slowing inflation and robust economic growth. Domestic inflation dropped below the 4.5% target range in June and is expected to remain within the target range of 3±1.5% throughout the forecast period. The latest projection from the central bank indicates that inflation should decelerate and approach the 3% central target over the coming year, despite a temporary rise in July. Additionally, economic activity in the second quarter showed a year-on-year growth of 4.2%, surpassing earlier expectations from the May projection. Deposit and lending rates were maintained at 4.75% and 7.25%, respectively.
Serbia Interest Rate History
Last 12 readings