The central bank of Serbia left its key policy rate unchanged at 3 percent on December 6th 2018, as expected, saying inflationary pressures remained low. In October, annual inflation rate edged up to 2.2 percent from a four-month low of 2.1 percent in September. Over the next two years, inflation is expected to move within the target tolerance band of 3.0 ± 1.5 percent. Interest Rate in Serbia averaged 9.07 percent from 2006 until 2018, reaching an all time high of 18 percent in October of 2006 and a record low of 3 percent in April of 2018.
Interest Rate in Serbia is expected to be 3.00 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 2.75 in 12 months time. In the long-term, the Serbia Interest Rate is projected to trend around 2.75 percent in 2020, according to our econometric models.