National Bank of Serbia · Key policy rate
Serbia · RSD · Policy rate
The National Bank of Serbia’s Key policy rate is 5.75 %, last changed on 12 Sep 2024 when it was cut by 25 bp from 6.00 %.
5.75 %
- Last change
- cut −25 bp·
- Previous rate
- 6.00 %
- Next decision
- —
- Latest observation
- Source
- BIS
5.75 % ·
2 Nov 20210.00 – 6.50 %2 Nov 2026
Recent decisions
| Date | Rate | Change |
|---|---|---|
| 5.75 % | −25 bp | |
| 6.00 % | −25 bp | |
| 6.25 % | −25 bp | |
| 6.50 % | +25 bp | |
| 6.25 % | +25 bp | |
| 6.00 % | +25 bp | |
| 5.75 % | +25 bp | |
| 5.50 % | +25 bp | |
| 5.25 % | +25 bp |
Changes are dated by when they took effect; holds by the announcement day. We do not track this bank’s meeting calendar, so only changes are listed.
At a glance
- Economy
- Serbia
- Currency
- RSD
- Type
- Policy rate
- Set by
- National Bank of Serbia
- History since
- 1997
- Changes in the last 12 months
- 0
Questions and answers
- What is the current National Bank of Serbia interest rate?
- The National Bank of Serbia’s Key policy rate is 5.75 %, last changed on 12 Sep 2024 when it was cut by 25 bp from 6.00 %.
- When did the National Bank of Serbia last change its rate?
- On 12 Sep 2024, when the Key policy rate was cut by 25 bp to 5.75 % from 6.00 %.
- When is the next National Bank of Serbia rate decision?
- The bank does not publish a decision calendar that we track.
Decisions by year since 2017
2024net −75 bp
| Date | Rate | Change |
|---|---|---|
| 5.75 % | −25 bp | |
| 6.00 % | −25 bp | |
| 6.25 % | −25 bp |
2023net +150 bp
| Date | Rate | Change |
|---|---|---|
| 6.50 % | +25 bp | |
| 6.25 % | +25 bp | |
| 6.00 % | +25 bp | |
| 5.75 % | +25 bp | |
| 5.50 % | +25 bp | |
| 5.25 % | +25 bp |
2022net +400 bp
| Date | Rate | Change |
|---|---|---|
| 5.00 % | +50 bp | |
| 4.50 % | +50 bp | |
| 4.00 % | +50 bp | |
| 3.50 % | +50 bp | |
| 3.00 % | +25 bp | |
| 2.75 % | +25 bp | |
| 2.50 % | +50 bp | |
| 2.00 % | +50 bp | |
| 1.50 % | +50 bp |
2020net −125 bp
| Date | Rate | Change |
|---|---|---|
| 1.00 % | −25 bp | |
| 1.25 % | −25 bp | |
| 1.50 % | −25 bp | |
| 1.75 % | −50 bp |
2019net −75 bp
| Date | Rate | Change |
|---|---|---|
| 2.25 % | −25 bp | |
| 2.50 % | −25 bp | |
| 2.75 % | −25 bp |
2018net −50 bp
| Date | Rate | Change |
|---|---|---|
| 3.00 % | −25 bp | |
| 3.25 % | −25 bp |
2017net −50 bp
| Date | Rate | Change |
|---|---|---|
| 3.50 % | −25 bp | |
| 3.75 % | −25 bp |
Dates before 2021 are month precision (monthly BIS data).
Other rates in Europe
- Euro area · European Central Bank2.50 %
- United Kingdom · Bank of England3.75 %
- Switzerland · Swiss National Bank0.00 %
- Sweden · Sveriges Riksbank1.75 %
- Norway · Norges Bank4.50 %
- Czechia · Czech National Bank3.75 %
- Denmark · Danmarks Nationalbank2.10 %
- Hungary · Magyar Nemzeti Bank5.50 %
- Iceland · Central Bank of Iceland8.00 %
- North Macedonia · National Bank of the Republic of North Macedonia4.25 %
- Poland · Narodowy Bank Polski3.75 %
- Romania · National Bank of Romania6.50 %
- Russia · Bank of Russia14.00 %
- Türkiye · Central Bank of the Republic of Türkiye36.00 %
Source: BIS central bank policy rates. Latest observation 12 Oct 2026. Refreshed every 30 minutes.