Serbia Interest Rate 2006-2015 | Data | Chart | Calendar | Forecast

The benchmark interest rate in Serbia was unexpectedly reduced to 5.50 percent in August, from 6 percent in the previous month. The annual inflation continued to move below the lower bound of the target tolerance band and amounted to 1.0% in July. The decision to lower the key policy rate was taken in view of the disinflationary effect of the majority of domestic factors, low inflation abroad and the stability of inflation expectations within the target tolerance band. The external risks decreased after Greece had reached an agreement with international creditors. The country’s macroeconomic outlook has improved also owing to the effects of fiscal consolidation which, at the same time, diminishes the exposure of the domestic economy to adverse external shocks. Interest Rate in Serbia averaged 11.03 percent from 2006 until 2015, reaching an all time high of 18 percent in October of 2006 and a record low of 5.50 percent in August of 2015. Interest Rate in Serbia is reported by the National Bank of Serbia.

Serbia Interest Rate
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Actual Previous Highest Lowest Dates Unit Frequency
5.50 6.00 18.00 5.50 2006 - 2015 percent Daily
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. Content for - Serbia Interest Rate - was last refreshed on Tuesday, September 1, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-06-11 11:00 AM 6% 6.5% 6.25% 6.5%
2015-07-09 11:00 AM 6% 6% 6% 6%
2015-08-13 11:00 AM 5.5% 6% 6% 6%
2015-09-10 11:00 AM 5.5% 5.5%
2015-10-15 11:00 AM 5.5%
2015-11-12 11:00 AM 5.5%

Serbia Money Last Previous Highest Lowest Unit
Interest Rate 5.50 6.00 18.00 5.50 percent [+]
Money Supply M0 126640.00 118956.00 130469.00 16056.00 RSD Million [+]
Foreign Exchange Reserves 10631.10 10292.00 12058.20 2682.00 EUR Million [+]
Loans To Private Sector 930136.00 923588.00 1152545.00 187458.00 SRB Million [+]
Money Supply M1 444284.00 425052.00 444284.00 43647.00 RSD Million [+]
Money Supply M2 618635.00 595302.00 618635.00 52024.00 RSD Million [+]
Money Supply M3 1873250.00 1876116.00 1876116.00 86158.00 RSD Million [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.00 Sep/15 2.00 17.50 2.00 percent [+]
Brazil 14.25 Jul/15 13.75 45.00 7.25 percent [+]
Canada 0.50 Jul/15 0.75 16.00 0.25 percent [+]
China 4.60 Aug/15 4.85 10.98 4.60 percent [+]
Euro Area 0.05 Jul/15 0.05 4.75 0.05 percent [+]
India 7.25 Aug/15 7.25 14.50 4.25 percent [+]
Indonesia 7.50 Aug/15 7.50 12.75 5.75 percent [+]
Japan 0.00 Aug/15 0.00 9.00 0.00 percent [+]
Mexico 3.00 Jul/15 3.00 9.25 3.00 percent [+]
Russia 11.00 Jul/15 11.50 17.00 5.00 percent [+]
South Korea 1.50 Aug/15 1.50 5.25 1.50 percent [+]
Switzerland -0.75 Jun/15 -0.75 3.50 -0.75 percent [+]
Turkey 7.50 Aug/15 7.50 500.00 4.50 percent [+]
United Kingdom 0.50 Aug/15 0.50 17.00 0.50 percent [+]
United States 0.25 Jul/15 0.25 20.00 0.25 percent [+]