Serbia NBS key policy rate (referentna kamatna stopa)
Serbia NBS key policy rate (referentna kamatna stopa) is 5.75 percent, in force since 12 Sep 2024, cited to NBS. It was 6 percent before that. Last checked against the official source on 9 Oct 2026.
Official source: NBS · Last checked 2026-10-09 · source fingerprint
National Bank of Serbia key policy rate — the highest/lowest rate the NBS applies in repo sale/purchase operations of securities, set by the Executive Board (Izvršni odbor) at monthly monetary policy meetings under the Law on the National Bank of Serbia and the Decision on the Key Policy Rate of the NBS. Serbia is NOT an EU member and NOT in the eurozone: it keeps the dinar and an independent inflation-targeting monetary policy (target 3% ±1.5pp for Jan 2025–Dec 2027).
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| Current value | 5.75 percent |
|---|---|
| In force from | 2024-09-12 |
| Official source | NBS — Executive Board meeting of 12 September 2024: key policy rate cut by 25 bp to 5.75% (third and final cut of the 2024 easing cycle); level reconfirmed on the NBS 'Interest rates' page and unchanged at every Executive Board meeting since, most recently 13 August 2026 ('Key policy rate kept unchanged') |
| Last verified | 2026-10-09 |
| Verification | primary — No verification limitation recorded — read from the official source cited. |
| Provenance | source fingerprint |
What this value means
Official NBS press release dated 10/09/2026, title "Key policy rate kept unchanged". Deposit facility 4.5% and lending facility 7.0% also unchanged. Next meeting 8 October 2026. Cross-checked on official Executive Board calendar (https://www.nbs.rs/en/ciljevi-i-funkcije/monetarna-politika/sednica-izvrsnog-odbora/index.html) which records 10 September 2026 key policy rate 5.75, change 0 bp, and on the NBS homepage key-rate widget (5.75%). effective_from remains 2024-09-12, the meeting date of the last change to 5.75%.
Earlier values
| From | Value | Source |
|---|---|---|
| 2024-07-11 | 6 | NBS — Executive Board meeting of 11 July 2024: key policy… |
| 2024-06-13 | 6.25 | NBS — Executive Board meeting of 13 June 2024: key policy… |
| 2023-07-13 | 6.5 | NBS — Executive Board meeting of 13 July 2023: key policy… |
| 2023-06-08 | 6.25 | Bank for International Settlements - Central Bank Policy… |
| 2023-04-06 | 6 | Bank for International Settlements - Central Bank Policy… |
| 2023-03-09 | 5.75 | Bank for International Settlements - Central Bank Policy… |
| 2023-02-09 | 5.5 | Bank for International Settlements - Central Bank Policy… |
| 2023-01-12 | 5.25 | Bank for International Settlements - Central Bank Policy… |
| 2022-12-08 | 5 | Bank for International Settlements - Central Bank Policy… |
| 2022-11-10 | 4.5 | Bank for International Settlements - Central Bank Policy… |
| 2022-10-06 | 4 | Bank for International Settlements - Central Bank Policy… |
| 2022-09-08 | 3.5 | Bank for International Settlements - Central Bank Policy… |
Get it programmatically
curl https://euroref.dev/v1/rs/policy-rate
# $0.003 per call — x402 on Base (USDC). No key, no signup.
# History: curl https://euroref.dev/v1/rs/policy-rate/history?from=2020-01-01
# Provenance: curl https://euroref.dev/provenance/rs/policy-rateEmail me when this changes
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Other Serbia series: Statutory default interest (zatezna kamata) · PDV standard rate (opšta stopa poreza na dodatu vrednost) · VAT registration threshold · minimum wage · Public holidays (državni i verski praznici) · CPI inflation (year-on-year) · Porez na dobit pravnih lica (corporate income tax) standard rate · Withholding tax rates · Personal income tax on salary (porez na zarade) · Statutory social-insurance contributions
The same figure elsewhere: Slovakia · Slovenia · Spain · Sweden · Switzerland · all 34