Interest rates on corporate loans denominated in dinars and foreign currency were probably equalized for the first time in Serbia. This is mainly thanks to the dinar corporate loans from the guarantee system. Corporate loans denominated in dinars were approved in August with an interest rate of 2.9% and euro-denominated loans with 3%.
The National Bank of Serbia (NBS) says the trend of the two interest rates converging has long been evident.
– Interest rates on dinar loans have fallen mainly due to the loosening of the monetary policy of the NBS, but also thanks to the overall macroeconomic stability of the country, especially the low and stable inflation, which has averaged 2% over the past seven years. Since May 2013, when the cycle of monetary easing began, the key interest rate has fallen by 10.5 percentage points from 11.75% in May 2013 to 1.25%. This is the lowest level in the inflation target regime. This is reflected in the interest rates on personal and corporate loans, which are now 13 percentage points lower than in May 2013 – according to the central bank.
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