The National Bank of Serbia hiked its main interest rate by 25bps to 2.75% during its July 2022 meeting, the fourth straight rise in borrowing costs, and compared to market forecasts for a 50bps increase. Interest rates are now at their highest level since July 2019, as the inflation in Serbia continued to rise to hit a fresh nine-year high of 10.4% in May, well above market expectations of 9.9%. Policymakers expect the consumer price index to begin slowing pace in July and return to the target range in the second half of 2023. source: National Bank of Serbia
Interest Rate in Serbia averaged 7.42 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 3.50 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.