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.

Serbia Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-06 10:00 AM Interest Rate Decision 3% 3% 3% 3%
2018-10-08 10:00 AM Interest Rate Decision 3% 3% 3% 3%
2018-11-08 11:00 AM Interest Rate Decision 3% 3% 3% 3%
2018-12-06 11:00 AM Interest Rate Decision 3% 3% 3% 3%


Serbia Money Last Previous Highest Lowest Unit
Interest Rate 3.00 3.00 18.00 3.00 percent [+]
Money Supply M0 164904.00 171075.00 171075.00 16056.00 RSD Million [+]
Foreign Exchange Reserves 11550.40 11172.50 12058.20 2682.00 EUR Million [+]
Deposit Interest Rate 1.75 1.75 15.25 1.75 percent [+]
Lending Rate 4.25 4.25 25.26 4.25 percent [+]
Loans To Private Sector 1040088.00 1040587.00 1152545.00 187458.00 SRB Million [+]
Interbank Rate 3.05 3.04 19.18 2.84 percent [+]
Money Supply M1 707332.00 693645.00 707332.00 43647.00 RSD Million [+]
Money Supply M2 924283.00 917207.00 924283.00 52024.00 RSD Million [+]
Money Supply M3 2424280.00 2386207.00 2424280.00 86158.00 RSD Million [+]


Serbia Interest Rate

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. This page provides - Serbia Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Serbia Interest Rate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.00 18.00 3.00 2006 - 2018 percent Daily




Country Last Previous
Argentina 59.16 Dec/18
Turkey 24.00 Nov/18
Mexico 8.00 Nov/18
Russia 7.50 Nov/18
South Africa 6.75 Nov/18
Brazil 6.50 Oct/18
India 6.50 Dec/18
Indonesia 6.00 Nov/18
China 4.35 Oct/18
Saudi Arabia 2.75 Oct/18
United States 2.25 Nov/18
Canada 1.75 Dec/18
South Korea 1.75 Nov/18
Australia 1.50 Dec/18
Singapore 1.45 Oct/18
United Kingdom 0.75 Nov/18
Euro Area 0.00 Nov/18
France 0.00 Nov/18
Germany 0.00 Nov/18
Italy 0.00 Nov/18
Netherlands 0.00 Nov/18
Spain 0.00 Nov/18
Japan -0.10 Oct/18
Switzerland -0.75 Nov/18


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