The National Bank of Serbia held its key policy rate steady at a record low of 1.25 percent on October 8th of 2020, as widely expected. Policymakers expect an economic downturn of around 1% in 2020, less than a 1.5% contraction previously projected. In August, the annual inflation rate slowed to 1.9%, and according to the assessment of the Executive Board, it will continue to move around that level in the coming months. source: National Bank of Serbia
Interest Rate in Serbia averaged 8.18 percent from 2006 until 2020, reaching an all time high of 18 percent in October of 2006 and a record low of 1.25 percent in June of 2020. This page provides - Serbia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Interest Rate in Serbia is expected to be 1.00 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 1.00 in 12 months time. In the long-term, the Serbia Interest Rate is projected to trend around 1.25 percent in 2021 and 1.75 percent in 2022, according to our econometric models.