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2 clusters · 8 sources · 3 days · First seen 17 days ago · Last updated 15 days ago

Serbian monetary policy and economic activity

Overview

The National Bank of Serbia (NBS) has decided to maintain its reference interest rate at 5.75 percent, with deposit facility rates at 4.5 percent and marginal lending facility rates at 7.0 percent.

This monetary policy decision follows inflation trends that saw year-on-year inflation drop to 1.9 percent in July, remaining within the target range of 3 percent ± 1.5 percent. While a temporary rise to approximately 4 percent is anticipated in September due to low base effects from previous trade margin regulations, inflation is expected to remain within target.

Concurrently, Serbia’s economic activity has shown signs of acceleration, with real GDP growth in the second quarter of 2026 rising to 3.6 percent year-on-year, up from 3.2 percent in the first quarter. This growth was driven by increased private consumption in the service sector and recoveries in the manufacturing, mining, and construction sectors.

Entities

National Bank of Serbia · 365. banka · Republic Statistical Office · European Central Bank · Central Bank of Bosnia and Herzegovina

Timeline

15 days ago

[BUSINESS] 5 sources
National Bank of Serbia maintains interest rates at 5.75 percent
The National Bank of Serbia maintained its reference interest rate at 5.75 percent as inflation fell to 1.9 percent in July and GDP growth accelerated to 3.6 percent in Q2 2026.
17 days ago

[BUSINESS] 3 sources
Central Bank of Bosnia and Herzegovina and 365. banka report profit growth
The Central Bank of Bosnia and Herzegovina and Slovakia's 365. banka both reported increased net profits for the first half of 2026, driven by interest income and household banking activity.

Sources

biznis.rs · danas.rs · nin.rs · politika.rs · poslovni.hr · rtvtk.ba · sita.sk · srbijadanas.com