Serbia Lifts Rates Again to Cap Year of Monetary Tightening

Serbia has increased its benchmark by 475 basis points in 12 consecutive moves to tackle price growth as the IMF has advised Serbia to continue monetary tightening.

March 11, 2023 . 8:49 AM

1 min read

Serbia raised borrowing costs to the highest level since 2015.
The National Bank of Serbia lifted the main interest rate by a quarter of a percentage point to 5.75%.
Serbia has increased its benchmark by 475 basis points in 12 consecutive moves to tackle price growth.
The central bank expects inflation to peak this quarter.
The IMF has advised Serbia to continue monetary tightening.