Referential interest rate to remain at 16.5%

Source: Beta Sunday, 22.03.2009. 15:57
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The Monetary Board of the National Bank of Serbia (NBS) has decided today (March 20, 2009) to keep the referential interest rate at 16.5%.

According to NBS' announcement, the next meeting of the Monetary Board will be held on April 6th.

The Monetary Board of NBS lowered the referential interest rate by 1.25% on January 22nd, 2009, to 16.5%, which was the first reduction after three months.

The referential interest rate was last time increased on November 3rd, 2008, from 15.75% to 17.75%, while its total growth in 2008 amounted to 7%.

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