The central bank of Serbia left its key policy rate unchanged at 3 percent on November 8th 2018, as expected, saying inflation will move within the target tolerance band (3.0±1.5%) over the next two years. In September, annual inflation rate fell to 2.1 percent from 2.6 percent in August, the lowest inflation rate since May. The central bank added that uncertainty in global oil prices; the policies of the Federal Reserve and the European Central Bank and trade tensions still mandate caution in conducting monetary policy. Interest Rate in Serbia averaged 9.11 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%


Serbia Money Last Previous Highest Lowest Unit
Interest Rate 3.00 3.00 18.00 3.00 percent [+]
Money Supply M0 171075.00 163297.00 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 1040587.00 1021824.00 1152545.00 187458.00 SRB Million [+]
Interbank Rate 3.04 3.00 19.18 2.84 percent [+]
Money Supply M1 693645.00 689189.00 693645.00 43647.00 RSD Million [+]
Money Supply M2 917207.00 910769.00 917207.00 52024.00 RSD Million [+]
Money Supply M3 2386207.00 2385854.00 2386207.00 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 November of 2018.

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




Country Last
Argentina 62.12 Nov/18
Turkey 24.00 Oct/18
Mexico 8.00 Nov/18
Russia 7.50 Oct/18
Brazil 6.50 Oct/18
India 6.50 Oct/18
South Africa 6.50 Oct/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 Oct/18
Australia 1.50 Nov/18
South Korea 1.50 Oct/18
Singapore 1.45 Oct/18
United Kingdom 0.75 Nov/18
Euro Area 0.00 Oct/18
France 0.00 Oct/18
Germany 0.00 Oct/18
Italy 0.00 Oct/18
Netherlands 0.00 Oct/18
Spain 0.00 Oct/18
Japan -0.10 Oct/18
Switzerland -0.75 Oct/18


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