Data / Central bank policy rate / Serbia

Central bank policy rate in Serbia

Central bank policy rate in Serbia was 5.75% in September 2026, according to Bank for International Settlements. That is unchanged from September 2025. That is the 9th highest of 36 countries in July 2026.

September 20265.75%
Change on September 20250 pts
Rank9th of 36Countries ranked
Series high77.5February 1997
Series low1December 2020

Central bank policy rate in Serbia, January 1997 to September 2026

CSVChart (SVG)

0204060801997-012001-042005-072009-102014-012018-042022-072026-091997-01: 67.91 %1997-02: 77.5 %1997-03: 33.74 %1997-04: 35.04 %1997-05: 33.74 %1997-06: 35.04 %1997-07: 33.74 %1997-08: 33.74 %1997-09: 35.04 %1997-10: 33.74 %1997-11: 35.04 %1997-12: 33.74 %1998-01: 33.74 %1998-02: 37.97 %1998-03: 33.74 %1998-04: 35.04 %1998-05: 33.74 %1998-06: 35.04 %1998-07: 33.74 %1998-08: 33.74 %1998-09: 35.04 %1998-10: 33.74 %1998-11: 35.04 %1998-12: 33.74 %1999-01: 33.74 %1999-02: 37.97 %1999-03: 33.74 %1999-04: 27.24 %1999-05: 26.26 %1999-06: 27.24 %1999-07: 26.26 %1999-08: 26.26 %1999-09: 27.24 %1999-10: 26.26 %1999-11: 27.24 %1999-12: 26.26 %2000-01: 26.34 %2000-02: 28.39 %2000-03: 26.34 %2000-04: 27.33 %2000-05: 26.34 %2000-06: 27.33 %2000-07: 26.34 %2000-08: 26.34 %2000-09: 27.33 %2000-10: 26.34 %2000-11: 27.33 %2000-12: 26.34 %2001-01: 26.26 %2001-02: 29.45 %2001-03: 12.43 %2001-04: 12.87 %2001-05: 12.43 %2001-06: 25.73 %2001-07: 24.81 %2001-08: 20.55 %2001-09: 21.3 %2001-10: 16.43 %2001-11: 17.02 %2001-12: 16.43 %2002-01: 16.43 %2002-02: 13.85 %2002-03: 12.43 %2002-04: 11 %2002-05: 11 %2002-06: 9.5 %2002-07: 9.5 %2002-08: 9.5 %2002-09: 9.5 %2002-10: 9.5 %2002-11: 9.5 %2002-12: 9.5 %2003-01: 9 %2003-02: 9 %2003-03: 9 %2003-04: 9 %2003-05: 9 %2003-06: 9 %2003-07: 9 %2003-08: 9 %2003-09: 9 %2003-10: 9 %2003-11: 9 %2003-12: 9 %2004-01: 8.5 %2004-02: 8.5 %2004-03: 8.5 %2004-04: 8.5 %2004-05: 8.5 %2004-06: 8.5 %2004-07: 8.5 %2004-08: 8.5 %2004-09: 8.5 %2004-10: 8.5 %2004-11: 8.5 %2004-12: 8.5 %2005-01: 8.5 %2005-02: 8.5 %2005-03: 8.5 %2005-04: 8.5 %2005-05: 8.5 %2005-06: 8.5 %2005-07: 8.5 %2005-08: 8.5 %2005-09: 8.5 %2005-10: 8.5 %2005-11: 8.5 %2005-12: 8.5 %2006-01: 8.5 %2006-02: 8.5 %2006-03: 8.5 %2006-04: 8.5 %2006-05: 8.5 %2006-06: 8.5 %2006-07: 8.5 %2006-08: 8.5 %2006-09: 18 %2006-10: 18 %2006-11: 16.5 %2006-12: 14 %2007-01: 13 %2007-02: 13 %2007-03: 10.5 %2007-04: 10.5 %2007-05: 10 %2007-06: 9.5 %2007-07: 9.5 %2007-08: 9.75 %2007-09: 9.75 %2007-10: 9.5 %2007-11: 9.5 %2007-12: 10 %2008-01: 10 %2008-02: 11.5 %2008-03: 14.5 %2008-04: 15.25 %2008-05: 15.75 %2008-06: 15.75 %2008-07: 15.75 %2008-08: 15.75 %2008-09: 15.75 %2008-10: 15.75 %2008-11: 17.75 %2008-12: 17.75 %2009-01: 16.5 %2009-02: 16.5 %2009-03: 16.5 %2009-04: 14 %2009-05: 14 %2009-06: 13 %2009-07: 12 %2009-08: 12 %2009-09: 12 %2009-10: 11 %2009-11: 10 %2009-12: 9.5 %2010-01: 9.5 %2010-02: 9.5 %2010-03: 9 %2010-04: 8.5 %2010-05: 8 %2010-06: 8 %2010-07: 8 %2010-08: 8.5 %2010-09: 9 %2010-10: 9.5 %2010-11: 10.5 %2010-12: 11.5 %2011-01: 12 %2011-02: 12 %2011-03: 12.25 %2011-04: 12.5 %2011-05: 12.5 %2011-06: 12 %2011-07: 11.75 %2011-08: 11.75 %2011-09: 11.25 %2011-10: 10.75 %2011-11: 10 %2011-12: 9.75 %2012-01: 9.5 %2012-02: 9.5 %2012-03: 9.5 %2012-04: 9.5 %2012-05: 9.5 %2012-06: 10 %2012-07: 10.25 %2012-08: 10.5 %2012-09: 10.5 %2012-10: 10.75 %2012-11: 10.95 %2012-12: 11.25 %2013-01: 11.5 %2013-02: 11.75 %2013-03: 11.75 %2013-04: 11.75 %2013-05: 11.25 %2013-06: 11 %2013-07: 11 %2013-08: 11 %2013-09: 11 %2013-10: 10.5 %2013-11: 10 %2013-12: 9.5 %2014-01: 9.5 %2014-02: 9.5 %2014-03: 9.5 %2014-04: 9.5 %2014-05: 9 %2014-06: 8.5 %2014-07: 8.5 %2014-08: 8.5 %2014-09: 8.5 %2014-10: 8.5 %2014-11: 8 %2014-12: 8 %2015-01: 8 %2015-02: 8 %2015-03: 7.5 %2015-04: 7 %2015-05: 6.5 %2015-06: 6 %2015-07: 6 %2015-08: 5.5 %2015-09: 5 %2015-10: 4.5 %2015-11: 4.5 %2015-12: 4.5 %2016-01: 4.5 %2016-02: 4.25 %2016-03: 4.25 %2016-04: 4.25 %2016-05: 4.25 %2016-06: 4.25 %2016-07: 4 %2016-08: 4 %2016-09: 4 %2016-10: 4 %2016-11: 4 %2016-12: 4 %2017-01: 4 %2017-02: 4 %2017-03: 4 %2017-04: 4 %2017-05: 4 %2017-06: 4 %2017-07: 4 %2017-08: 4 %2017-09: 3.75 %2017-10: 3.5 %2017-11: 3.5 %2017-12: 3.5 %2018-01: 3.5 %2018-02: 3.5 %2018-03: 3.25 %2018-04: 3 %2018-05: 3 %2018-06: 3 %2018-07: 3 %2018-08: 3 %2018-09: 3 %2018-10: 3 %2018-11: 3 %2018-12: 3 %2019-01: 3 %2019-02: 3 %2019-03: 3 %2019-04: 3 %2019-05: 3 %2019-06: 3 %2019-07: 2.75 %2019-08: 2.5 %2019-09: 2.5 %2019-10: 2.5 %2019-11: 2.25 %2019-12: 2.25 %2020-01: 2.25 %2020-02: 2.25 %2020-03: 1.75 %2020-04: 1.5 %2020-05: 1.5 %2020-06: 1.25 %2020-07: 1.25 %2020-08: 1.25 %2020-09: 1.25 %2020-10: 1.25 %2020-11: 1.25 %2020-12: 1 %2021-01: 1 %2021-02: 1 %2021-03: 1 %2021-04: 1 %2021-05: 1 %2021-06: 1 %2021-07: 1 %2021-08: 1 %2021-09: 1 %2021-10: 1 %2021-11: 1 %2021-12: 1 %2022-01: 1 %2022-02: 1 %2022-03: 1 %2022-04: 1.5 %2022-05: 2 %2022-06: 2.5 %2022-07: 2.75 %2022-08: 3 %2022-09: 3.5 %2022-10: 4 %2022-11: 4.5 %2022-12: 5 %2023-01: 5.25 %2023-02: 5.5 %2023-03: 5.75 %2023-04: 6 %2023-05: 6 %2023-06: 6.25 %2023-07: 6.5 %2023-08: 6.5 %2023-09: 6.5 %2023-10: 6.5 %2023-11: 6.5 %2023-12: 6.5 %2024-01: 6.5 %2024-02: 6.5 %2024-03: 6.5 %2024-04: 6.5 %2024-05: 6.5 %2024-06: 6.25 %2024-07: 6 %2024-08: 6 %2024-09: 5.75 %2024-10: 5.75 %2024-11: 5.75 %2024-12: 5.75 %2025-01: 5.75 %2025-02: 5.75 %2025-03: 5.75 %2025-04: 5.75 %2025-05: 5.75 %2025-06: 5.75 %2025-07: 5.75 %2025-08: 5.75 %2025-09: 5.75 %2025-10: 5.75 %2025-11: 5.75 %2025-12: 5.75 %2026-01: 5.75 %2026-02: 5.75 %2026-03: 5.75 %2026-04: 5.75 %2026-05: 5.75 %2026-06: 5.75 %2026-07: 5.75 %2026-08: 5.75 %2026-09: 5.75 %
%. Source: BIS. Retrieved 2026-10-09.
All 357 values
Period%
2026-095.75
2026-085.75
2026-075.75
2026-065.75
2026-055.75
2026-045.75
2026-035.75
2026-025.75
2026-015.75
2025-125.75
2025-115.75
2025-105.75
2025-095.75
2025-085.75
2025-075.75
2025-065.75
2025-055.75
2025-045.75
2025-035.75
2025-025.75
2025-015.75
2024-125.75
2024-115.75
2024-105.75
2024-095.75
2024-086
2024-076
2024-066.25
2024-056.5
2024-046.5
2024-036.5
2024-026.5
2024-016.5
2023-126.5
2023-116.5
2023-106.5
2023-096.5
2023-086.5
2023-076.5
2023-066.25
2023-056
2023-046
2023-035.75
2023-025.5
2023-015.25
2022-125
2022-114.5
2022-104
2022-093.5
2022-083
2022-072.75
2022-062.5
2022-052
2022-041.5
2022-031
2022-021
2022-011
2021-121
2021-111
2021-101
2021-091
2021-081
2021-071
2021-061
2021-051
2021-041
2021-031
2021-021
2021-011
2020-121
2020-111.25
2020-101.25
2020-091.25
2020-081.25
2020-071.25
2020-061.25
2020-051.5
2020-041.5
2020-031.75
2020-022.25
2020-012.25
2019-122.25
2019-112.25
2019-102.5
2019-092.5
2019-082.5
2019-072.75
2019-063
2019-053
2019-043
2019-033
2019-023
2019-013
2018-123
2018-113
2018-103
2018-093
2018-083
2018-073
2018-063
2018-053
2018-043
2018-033.25
2018-023.5
2018-013.5
2017-123.5
2017-113.5
2017-103.5
2017-093.75
2017-084
2017-074
2017-064
2017-054
2017-044
2017-034
2017-024
2017-014
2016-124
2016-114
2016-104
2016-094
2016-084
2016-074
2016-064.25
2016-054.25
2016-044.25
2016-034.25
2016-024.25
2016-014.5
2015-124.5
2015-114.5
2015-104.5
2015-095
2015-085.5
2015-076
2015-066
2015-056.5
2015-047
2015-037.5
2015-028
2015-018
2014-128
2014-118
2014-108.5
2014-098.5
2014-088.5
2014-078.5
2014-068.5
2014-059
2014-049.5
2014-039.5
2014-029.5
2014-019.5
2013-129.5
2013-1110
2013-1010.5
2013-0911
2013-0811
2013-0711
2013-0611
2013-0511.25
2013-0411.75
2013-0311.75
2013-0211.75
2013-0111.5
2012-1211.25
2012-1110.95
2012-1010.75
2012-0910.5
2012-0810.5
2012-0710.25
2012-0610
2012-059.5
2012-049.5
2012-039.5
2012-029.5
2012-019.5
2011-129.75
2011-1110
2011-1010.75
2011-0911.25
2011-0811.75
2011-0711.75
2011-0612
2011-0512.5
2011-0412.5
2011-0312.25
2011-0212
2011-0112
2010-1211.5
2010-1110.5
2010-109.5
2010-099
2010-088.5
2010-078
2010-068
2010-058
2010-048.5
2010-039
2010-029.5
2010-019.5
2009-129.5
2009-1110
2009-1011
2009-0912
2009-0812
2009-0712
2009-0613
2009-0514
2009-0414
2009-0316.5
2009-0216.5
2009-0116.5
2008-1217.75
2008-1117.75
2008-1015.75
2008-0915.75
2008-0815.75
2008-0715.75
2008-0615.75
2008-0515.75
2008-0415.25
2008-0314.5
2008-0211.5
2008-0110
2007-1210
2007-119.5
2007-109.5
2007-099.75
2007-089.75
2007-079.5
2007-069.5
2007-0510
2007-0410.5
2007-0310.5
2007-0213
2007-0113
2006-1214
2006-1116.5
2006-1018
2006-0918
2006-088.5
2006-078.5
2006-068.5
2006-058.5
2006-048.5
2006-038.5
2006-028.5
2006-018.5
2005-128.5
2005-118.5
2005-108.5
2005-098.5
2005-088.5
2005-078.5
2005-068.5
2005-058.5
2005-048.5
2005-038.5
2005-028.5
2005-018.5
2004-128.5
2004-118.5
2004-108.5
2004-098.5
2004-088.5
2004-078.5
2004-068.5
2004-058.5
2004-048.5
2004-038.5
2004-028.5
2004-018.5
2003-129
2003-119
2003-109
2003-099
2003-089
2003-079
2003-069
2003-059
2003-049
2003-039
2003-029
2003-019
2002-129.5
2002-119.5
2002-109.5
2002-099.5
2002-089.5
2002-079.5
2002-069.5
2002-0511
2002-0411
2002-0312.43
2002-0213.85
2002-0116.43
2001-1216.43
2001-1117.02
2001-1016.43
2001-0921.3
2001-0820.55
2001-0724.81
2001-0625.73
2001-0512.43
2001-0412.87
2001-0312.43
2001-0229.45
2001-0126.26
2000-1226.34
2000-1127.33
2000-1026.34
2000-0927.33
2000-0826.34
2000-0726.34
2000-0627.33
2000-0526.34
2000-0427.33
2000-0326.34
2000-0228.39
2000-0126.34
1999-1226.26
1999-1127.24
1999-1026.26
1999-0927.24
1999-0826.26
1999-0726.26
1999-0627.24
1999-0526.26
1999-0427.24
1999-0333.74
1999-0237.97
1999-0133.74
1998-1233.74
1998-1135.04
1998-1033.74
1998-0935.04
1998-0833.74
1998-0733.74
1998-0635.04
1998-0533.74
1998-0435.04
1998-0333.74
1998-0237.97
1998-0133.74
1997-1233.74
1997-1135.04
1997-1033.74
1997-0935.04
1997-0833.74
1997-0733.74
1997-0635.04
1997-0533.74
1997-0435.04
1997-0333.74
1997-0277.5
1997-0167.91

Rankings

Definition

The rate a central bank sets to steer monetary policy, or its operational target, in percent per year. United States: effective federal funds rate, monthly average of daily rates (Federal Reserve H.15). Euro area: ECB deposit facility rate in force on the last day of the month. Other countries: the policy rate in force at the end of the month as reported by the national central bank and compiled by the BIS.

Timing differs by source: the US figure is a monthly average of the market rate that the Federal Reserve targets (the target range is set by the FOMC; the BIS copy uses its midpoint), while ECB and BIS figures are end-of-month levels. The euro area series is the deposit facility rate for its whole history; the ECB has steered with it since September 2024, and before that the BIS series and most press coverage used the main refinancing rate (see ecb_main_refinancing_rate). Euro area members have no national policy rate since 1999, so their BIS series end in 1998. Each BIS series names its central bank and the instrument used in each period.

How to cite

Bank for International Settlements (BIS), from national central bank data. Central bank policy rates (WS_CBPOL), monthly, end of period, as reported by the national central bank named in the series (SOURCE_REF). https://stats.bis.org/api/v2/data/dataflow/BIS/WS_CBPOL/1.0/M.RS?format=csv. Retrieved 2026-10-09.

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Questions

What is the central bank policy rate in Serbia?

Central bank policy rate in Serbia was 5.75% in September 2026, according to Bank for International Settlements. That is unchanged from September 2025. That is the 9th highest of 36 countries in July 2026.

Where does this figure come from?

Bank for International Settlements. Central bank policy rates (WS_CBPOL), monthly, end of period, as reported by the national central bank named in the series (SOURCE_REF). Retrieved by Invokely on 2026-10-09.

What was the highest central bank policy rate in Serbia?

77.5% in February 1997, the highest value since January 1997 in this series.

More statistics for Serbia

All statistics for Serbia