The National Bank of Serbia left its key policy rate unchanged at 3 percent on its May 5th 2019 meeting, as widely expected. Policymakers said that prudence in monetary policy is still needed, mainly due to uncertainty in the international environment. The Committee noted that the convergence of inflation rate to the target range in March was mostly due to cost of vegetables and their growth above the seasonally regular for this period of the year. In the forthcoming period, inflation is projected to remain stable within the target tolerance band (3.0±1.5 percent). Policymakers added that economic growth in 2019 is expected to be driven by domestic demand. Interest Rate in Serbia averaged 8.87 percent from 2006 until 2019, 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 3.00 in 12 months time. In the long-term, the Serbia Interest Rate is projected to trend around 3.00 percent in 2020, according to our econometric models.

Serbia Interest Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2019-02-07 11:00 AM Interest Rate Decision 3% 3% 3% 3%
2019-03-07 11:00 AM Interest Rate Decision 3% 3% 3% 3%
2019-04-09 10:00 AM Interest Rate Decision 3% 3% 3% 3%
2019-05-09 10:00 AM Interest Rate Decision 3% 3% 3% 3%
2019-06-06 10:00 AM Interest Rate Decision 3% 3%
2019-07-11 10:00 AM Interest Rate Decision 3%
2019-08-08 10:00 AM Interest Rate Decision 3%


Serbia Money Last Previous Highest Lowest Unit
Interest Rate 3.00 3.00 18.00 3.00 percent [+]
Interbank Rate 2.97 2.97 19.18 2.84 percent [+]
Money Supply M0 178148.00 173604.00 182611.00 16056.00 RSD Million [+]
Foreign Exchange Reserves 11336.00 11440.50 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 1079857.00 1075826.00 1152545.00 187458.00 SRB Million [+]
Money Supply M1 736472.00 717466.00 792319.00 43647.00 RSD Million [+]
Money Supply M2 974834.00 947253.00 1017267.00 52024.00 RSD Million [+]
Money Supply M3 2588850.00 2571713.00 2605286.00 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.00 18.00 3.00 2006 - 2019 percent Daily




Country Last Previous
Argentina 71.22 May/19
Turkey 24.00 Apr/19
Mexico 8.25 May/19
Russia 7.75 Apr/19
South Africa 6.75 Apr/19
Brazil 6.50 May/19
India 6.00 Apr/19
Indonesia 6.00 May/19
China 4.35 Apr/19
Saudi Arabia 3.00 Apr/19
United States 2.50 May/19
Singapore 2.24 Mar/19
Canada 1.75 Apr/19
South Korea 1.75 Apr/19
Australia 1.50 May/19
United Kingdom 0.75 May/19
Euro Area 0.00 Apr/19
France 0.00 Apr/19
Germany 0.00 Apr/19
Italy 0.00 Apr/19
Netherlands 0.00 Apr/19
Spain 0.00 Apr/19
Japan -0.10 Apr/19
Switzerland -0.75 Apr/19


Related

Latest