The National Bank of Serbia hiked its main interest rate by 50bps to 2.5% during its June 2022 meeting, the third straight rise in borrowing costs, and in line with market forecasts. Interest rates are now at their highest level since 2019, amid the Ukraine conflict, a further spike in prices of agricultural commodities and industrial raw materials, and ongoing supply chain constraints. The inflation in Serbia continued to rise to hit nine-year highs of 9.6% in April but is expected to slow in the second half of the year. Further interest rate increases will depend on geopolitical developments and both national and international factors weighing on the inflation. source: National Bank of Serbia
Interest Rate in Serbia averaged 7.44 percent from 2006 until 2022, reaching an all time high of 18 percent in October of 2006 and a record low of 1 percent in December 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 July of 2022.
Interest Rate in Serbia is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Serbia Interest Rate is projected to trend around 4.00 percent in 2023 and 3.75 percent in 2024, according to our econometric models.